Zambia: Inflation Slows Down From 16.4 % To 15.1 %

Zambia’s Annual inflation rate for January has decreased to 15.1 percent from last month’s 16.4 percent.

Zambia Statistics Agency -ZAMSTATS- Interim Statistician General MULENGA MUSEPA says the decrease means that prices of goods and services decreased by 15.1 percent between January 2022 and January 2021.

Mr. MUSEPA also attributes the slowdown in annual inflation to favourable price movements in food items.

He was speaking during a press briefing in Lusaka today.

Mr. MUSEPA has pointed at food items such as meat, fish, dry foods and fruits as being those whose prices dropped.

And, Mr. MUSEPA has revealed that Zambia’s cumulative trade from January
to December last year was 359.4 billion kwacha compared to 242.3 billion kwacha recorded the same period in 2020.

He said this shows that country’s trade levels rose by 48.3 percent increase.

 

Source: ZNBC

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