Inflation drops to 7.8 percent

Government complex.

ZAMBIA’S November inflation has reduced to 7.8 percent from 8.3 recorded last month on account of an average reduction in prices of goods and services.
On the other hand, Zambia’s trade deficit has increased by 53.7 percent to K2.6 billion in October 2018 from K1.7 billion recorded in September 2018.
Speaking at monthly briefing yesterday, Central Statistical Office acting director of census and statistics, Goodson Sinyenga, attributed the decline in inflation to the purchase of vehicles and passenger transport by air (Lusaka/London via Dubai).
“Year-on-year food inflation for November 2018 was recorded at 8.4 percent compared to 8.3 percent recorded in October, 2018, indicating an increase of 0.1 percentage points.

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