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Inflation drops to 18.9 percent

KALUMBI

KELLY NJOMBO, Lusaka
ZAMBIA’s annual inflation rate has marginally dropped to 18.9 percent in September from 19.6 percent recorded in August, due to a reduction in prices for both food and non-food items.
Central Statistical Office (CSO) director John Kalumbi said the monthly inflation rate for September, 2016 was recorded at 0.1 percent compared to 0.4 percent recorded in August, 2016, indicating that on average, prices increased by 0.1 percent between August 2016 and September 2016.
Mr Kalumbi said at a monthly briefing yesterday that, of the total 18.9 percent annual inflation rate recorded in September 2016, food and non-alcoholic beverage products accounted for 12.0 percentage points, while non-food products accounted for 6.9 percentage points.READ MORE

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