President Hakainde Hichilema Celebrates Another Drop in Inflation
The President Hakainde Hichilema has expressed satisfaction at the continued decline in Zambia’s annual inflation rate, which fell from 9.4% in January 2026 to 7.5% in February 2026.
Writing on his official Facebook page, the President said the sustained downward trajectory in inflation was a clear indication that the Government's economic stabilisation policies were delivering tangible results for ordinary Zambians.
"Lower inflation benefits our entire nation. Since 2021, we have brought it down from 22.8 % to 7.5 % today. This progress means prices will begin to stabilise, though much work still lies ahead. Our goal is to secure lasting prosperity for all citizens, because we love and care for them," President Hichilema stated.
The Head of State noted that the latest figures represent a significant achievement for the New Dawn Government, which inherited an inflation rate of 22.8 % when it took office in August 2021.
The reduction in inflation has been driven by a combination of prudent fiscal management, improved food supply following successive good harvests, and the stabilisation of the Kwacha against major trading currencies.
The Government's efforts to contain inflation form part of a broader economic recovery programme that has seen Zambia successfully restructure its external debt, restore relations with international financial institutions, and attract renewed investor confidence.
However, the President acknowledged that challenges remain and pledged that the Government would continue implementing policies aimed at ensuring that the benefits of macroeconomic stability are felt across all sectors of society, particularly in rural communities where the cost of living remains a pressing concern.
The opposition has previously questioned the pace at which lower inflation has translated into improved living standards, but Government officials maintain that sustained price stability is a necessary foundation for long-term economic growth and poverty reduction.