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News
Home Economic & Financial Statistics Overall Monthly Inflation Rate Increased to 1.9 Percent
Monthly Inflation, February 2022 – February 2023 (%)
Economic & Financial StatisticsPress ReleaseTrending Today
ZamStats February 25, 2023

Overall Monthly Inflation Rate Increased to 1.9 Percent

 The overall monthly inflation for February 2023 was recorded at 1.9 percent compared with 2.1 percent in the previous month. This outturn was mainly attributed to price decreases in selected food items (see Figure 3).

Figure 3: Overall Monthly Inflation, February 2022-February 2023

Monthly Inflation Rates for Food and Non-Food Items, February 2022-February 2023

Monthly food inflation for February 2023 was recorded at 2.0 percent, a fall from 2.8 percent in January 2023. This development was mainly attributed to general price movements for Milk Products (Fresh Milk, Sour Milk, and Powdered Milk); Fruits (Lemons, Avocadoes, Bananas); Vegetables (Mushrooms, Pumpkin Leaves, Sweet Potato Leaves, Green Beans, Cucumbers, Carrots).

Monthly non-food inflation for February 2023 was recorded at 1.9 percent an increase from 1.1 percent recorded in January 2023. This outturn was mainly attributed to increases in prices of items such as Fuels & lubricants (Diesel, Petrol, Lubricants); Purchase of motor vehicles and Charcoal (see Table 5).

Table 5: Overall Monthly Inflation Rate for Food and Non-Food Items, Feb 2022-Feb 2023 (%)
  Weight:  Feb-

2022 

Mar-

2022 

Apr-

2022 

May-

2022 

Jun-

2022 

Jul-

2022 

Aug-

2022 

Sep-

2022 

Oct-

2022 

Nov-

2022 

Dec-

2022 

Jan-

2023 

Feb-

2023 

Total 1,000.00 1.7 0.8 0.7 0.8 0.9 0.4 0.3 -0.4 0.2 0.7 0.8 2.1 1.9
Food 534.85 1.9 0.9 1.1 0.9 1.2 0.3 0.4 -0.2 0.4 0.9 0.5 2.8 2.0
Non-

Food

465.15 1.5 0.6 0.1 0.8 0.6 0.7 0.1 -0.6 -0.2 0.5 1.1 1.1 1.9
1
Year-on-Year Inflation for February 2023 at 9.6 PercentYear-on-Year Inflation for February 2023 at 9.6 PercentFebruary 25, 2023
National Average Prices for Selected Products, February 2023 February 25, 2023National Average Prices for Selected Products, February 2023 

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