November Inflation Rate drops to 10.9 percent
Zambia Statistics Agency (ZamStats) has released its Monthly Statistics Bulletin for November 2025 where the Acting Statistician General Mrs. Sheila Mudenda presented a detailed update on the inflation rates and trade developments of the country.
The ASG reported that the annual inflation rate for November 2025 slowed down to 10.9 percent from the 11.9 percent recorded in October 2025. She stated that the latest figures indicated that on average, prices of goods and services increased by 10.9 percent between November 2024 and November 2025.
She also highlighted that the Annual food inflation declined to 13.9 percent in November 2025 from 14.1 percent in October 2025. The slowdown was driven by price movements in prices of food items such as cereals including breakfast mealie meal, roller mealie meal, maize grain, samp, and wheat plain household flour as well as selected fruits such as pineapples, watermelons. Mrs. Mudenda added that price movements in vegetables such as sweet potato leaves (Kalembula), Lumanda, okra, tomatoes, cucumbers, green peppers and onions contributed to the decline in the annual food inflation.
On non-food inflation, the ASG reported that the annual rate fell to 6.6 percent in November 2025 from 8.7 percent in October 2025. She said the decline was mainly influenced attributed to price movements in prices of non-food items such as Fuels (Diesel, Petrol); Passenger transport by air (Air Fare Domestic, Air Fare Regional); Purchase of vehicles and Paraffin.
Providing an update on year-to-date inflation, she stated that the inflation for November 2025 was recorded at 7.3 percent lower than the 12.9 percent posted during the same month in 2024. She explained that the figures showed that prices of goods and services increased at a slower rate from January 2025 to date compared to the same period in 2024.
On International Merchandize Trade, Mrs. Mudenda reported that cumulative total trade from January to October 2025 rose by 17.6 percent to K550.7 billion from K468.4 billion recorded from January to October 2024. She added that the country recorded a trade surplus of K1.1 billion in October 2025.
Furthermore, exports increased by 7.9 percent, driven by intermediate goods, consumer goods, and capital goods. She further stated that imports went up by 5.4 percent, reflecting a 15.9 percent increase in consumer goods and a 5.1 percent increase in intermediate goods.
For the full report and additional statistical updates, please visit our website at www.zamstats.gov.zm.
