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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ZMZM CPI MoM climbed to 0.2% in July 2026
FMPMonthlyReleased July 2026
ZM CPI MoM climbed to 0.2% in July 2026, up 0.1% from June's 0.1% reading.
Latest Release
0.200000
Actual
—
Consensus
0.100000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI MoM (Zambia) was reported at 0.2% in July 2026. The reading rose from the previous value of 0.1%. Trailing 12-month context per ETL data through July 2026.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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CPI MoM - ZM
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About CPI MoM — ZM
DEFINITION
Zambia's CPI MoM rose 0.200000% in July, doubling June's 0.100000% increase and reversing the prior month's slowdown. July's inflation gain follows a 0.200000% rise in May, indicating a modest but steady upward trend in monthly consumer prices. Market participants will watch upcoming data for confirmation of sustained inflation momentum amid current monetary policy. Updated 7/30/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 0.2 %. Prior reading (Jun 2026): 0.1 %. Before that (May 2026): 0.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
Σ
EXPECTED ZONE
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Economic Calendar - ZM Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:20 | ZM | Inflation Rate MoM | 0.2 | 0.1 | 0.4 | 0.30 | Low |
| 08:20 | ZM | Inflation Rate YoY | 6.5 | 6.5 | 6.7 | 6.60 | Low |