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ZAMBIA’S INFLATION RATE DROPS, ZAMSTATS REPORTS

Zambia’s annual inflation rate for February has dropped 14.2 percent, from the 15.1 percent recorded in January.

This drop was reported by the Zambia Statistics Agency, who attributed it to the easing of prices on both food and non-food items.

The Agency explained that the easing of food and non-food annual inflation was mainly due to the base effect.

The annual food inflation saw a decrease from 16.9 to 16.1 during the same period recorded for the annual inflation.

Zambia Statistics Agency reports that this is mainly due to price movements in meat, fruits and vegetables.

The annual non-food inflation for the period dropped from 12.7 to 11.8, with the Agency reporting that the decrease is mainly attributed to price movements of education (secondary school fees), garments, materials for maintenance and repair of dwelling such as cement and roofing sheets, and lounge suit.

Written by Fatima Mawele

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