Business consultant Mubamba Sichilongo has welcomed the latest figures released by the Zambia Statistics Agency (ZAMSTATS) yesterday, showing a decline in the country’s annual inflation rate from 13.0% in July 2025 to 12.6% in August 2025, saying the development signals a gradual move toward a more stable economy.
Speaking in an interview with RCV News, Mr. Sichilongo said the continued downward trend in inflation, reflects improving stability in macroeconomic conditions.
“Lower inflation indicates growing stability in the economy,” said Mr. Sichilongo.
Mr. Sichilongo said while the benefits may not be immediately visible to the average consumer, if the trend continues over time, the country will begin to see reduced prices in key commodities, improved purchasing power, and greater investor confidence.
He noted that inflation control is a critical component in achieving long-term economic growth and stability, especially in emerging markets like Zambia.
Mr. Sichilongo further said that the ultimate target for inflation should be within the single-digit range, ideally between 6 to 8 percent, which he described as healthy for both economic expansion and consumer welfare.
“A sustainable single-digit inflation rate provides the right environment for businesses to plan, invest, and expand, it also protects household incomes from erosion due to price increases,” said Mr. Sichilongo.
By Margaret Mwanza
