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By Maxwell Shumba | For BalanceHub A Turning Point in Zambia’s Economic Story Zambia’s economy appears to be entering a new phase of recovery and stability. According to the Zambia Statistics Agency (ZamStats), the country’s annual inflation rate has dropped to 11.9% in October 2025, down from 12.3% recorded in September. This marks one of the clearest signs that the economic reforms implemented by President Hakainde Hichilema’s administration — led by Finance and National Planning Minister Dr. Situmbeko Musokotwane — are beginning to deliver visible results. Dr. Musokotwane, who has spearheaded fiscal consolidation and reform-driven growth strategies since 2021, described the figures as “evidence that Zambia’s economic fundamentals are improving.” Understanding the Drop in Inflation Inflation is one of the most critical indicators of an economy’s health. It determines the cost of living, the value of the Kwacha, and the affordability of goods and services for ordinary citizens. Accor...