Zambia has recorded a further reduction in its annual inflation rate, from 7.3 percent in October, to 7.1 percent for the month of November.
Central Statistical Office -CSO- Acting Director John Kalumbi has attributed the drop to a reduction in the cost of some food items.
He disclosed this at a media briefing in Lusaka today.
Mr. Kalumbi said prices of food, beverages, tobacco, recreation, and education pushed this month’s inflation downwards.
He said the national average price of a 25 kilogram bag of Breakfast mealie meal reduced from K55661 to K54635 .
[ ZNBC ]
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have the poverty levels also been reduced?? the answer is NO NO AND NO…..the govt and it’s sympathisers ought to be serious, there is no way we will keep on reducing on inflation rates yet we do not see any change on the faces of people…let us be truthful and realistic