The Policy Monitoring and Research Centre (PMRC) is a public policy think tank that was established in 2012 to promote public understanding through research and education. Our role is to encourage and facilitate debate on social and economic policy issues critical to national development. PMRC’s vision is “Unlocking Zambia’s Potential” through evidence-based policy research analysis […]

By PMRC Researchers – Emmanuel Mumba and Mabvuto Lungu INTRODUCTION  Over the period 2019 to 2021, inflation in Zambia has been higher than the 6-8 percent target range. Inflation averaged 9.1 percent in 2019, 15.6 percent in 2020 and rose further to an average of 22.1 percent in 2021. Inflation is a broad measure involving […]