Inflation Expected to Fall Further, Says KALYALYA скачать в хорошем качестве

Inflation Expected to Fall Further, Says KALYALYA

By Rosemary Kamanga Bank of Zambia Governor DENNY KALYALYA says Zambia’s inflation rate is expected to fall within the six to eight per cent range in the first half of this year. Dr. KALYALYA says the country’s inflation rate has continued on a downward path over the past five years, declining from a peak of 24.6 per cent in July 2021 to the current level of 9.4 per cent. He attributes the reduction in inflation to several factors, including the appreciation of the kwacha against major currencies, improved maize supply and lower fuel prices. Dr. KALYALYA was speaking during a town hall meeting on the 2021 to 2025 economic performance and the 2026 economic outlook held in Lusaka today. Meanwhile, Zambia Revenue Authority –ZRA- Commissioner General DINGANI BANDA said the authority collected K150.6 billion in revenue in 2025, exceeding the target by K1.6 billion. Mr. BANDA said the surplus was driven by strong performance in both tax and non-tax revenue, including domestic tax collections and mining income. He said the main contributors to revenue collection were import VAT, pay-as-you-earn, non-mining and withholding taxes, as well as minerals. In addition, Zambia Statistics Agency Acting Statistician General SHEILA MUDENDA said the country’s unemployment rate fell to 10.3 per cent in the second quarter of 2025, down from 12.9 per cent in the first quarter. Ms. MUDENDA said employment levels increased to 4.2 million from 3.9 million over the same period.