Inflation (CPI) forecast in Southern Africa by country| Statista

In 2024, Zambia had the highest estimated inflation (Consumer Price Index) recorded in Southern Africa, at 15 percent. Lesotho and Zimbabwe followed with 6.4 and six percent, respectively.

Annual inflation (Consumer Price Index) forecast in Southern Africa from 2021 to 2026, by country

Characteristic	2021	2022	2023	2024*	2025**	2026**
Zambia	22%	11%	10.9%	15%	12.1%	7%
Lesotho	6%	8.3%	6.4%	6.4%	5.4%	5.1%
Zimbabwe	94.1%	160.2%	257%	6%	8.4%	5%
Eswatini	3.7%	4.8%	5%	4.4%	5.4%	5%
South Africa	4.5%	6.9%	6%	4.8%	4.5%	4.5%
Namibia	3.6%	6.1%	5.9%	4.6%	4.5%	4.5%
Botswana	6.7%	12.2%	5.1%	3%	4.5%	4.5%
Mozambique	6.4%	10.3%	7.1%	3.1%	2.8%	2.8%

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Release date

2024

More information

Region

Africa

Survey time period

2021 to 2026

Supplementary notes

*Estimate

**Forecast

Eswatini was formerly known as Swaziland.

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