9.5 C
Alba Iulia
Saturday, June 6, 2020

Inflation continues on it’s downward trend as it drops from 20.2% to 19.6%

Economy Inflation continues on it's downward trend as it drops from 20.2% to...

Christmas Shopping in Lusaka
Shopping in Lusaka

The annual inflation rate for the month of August has decreased to 19.6 percent from 20.2 percent recorded in July.

Central Statistical Office director John Kalumbi has attributed the decrease in the annual rate of inflation to decrease in the prices of goods.

Mr. Kalumbi says the decrease is also attributed to the strength gained by the Kwacha in the past months.

He notes that if the current trends continue, it is possible that a single digit inflation rate can be recorded by December this year.

And Mr. Kalumbi says the annual food inflation rate for August reduced to 24.1 compared to 24.8 recorded in July.

The decrease in food inflation was mainly attributed to a decline in the prices of rice, cassava meal, vegetables, frozen fish and dried kapenta among others.

[Read 63 times, 1 reads today]

6 COMMENTS

  1. Until the prime lending rates which are in excess of 33% come down, this amounts to nothing. To me the cost of borrowing that’s the true measure of inflation.

  2. Things are beginning to look good. All the times strive to better your nation, don’t be bitter and insult for no justifiable reason.

Comments are closed.

- Advertisement -
Loading...

Latest News

Minister of Tourism Assures Artistes of Presidential Protection

Minister of Toursim and Arts has called for calm in the nation and in particular amongst artistes assuring them...

Freedom of Expression for Bloggers and Rogues?

By Isaac Mwanza Introduction Is it by accident that, all of a sudden, many Zambian Facebookers have discovered they can exercise their freedom of expression; That...

Expulsion of KBF from the ruling party has nothing to do with the upcoming party convention

PF Media Director Antonio Mwanza says the expulsion of Kelvin Fube Bwalya from the ruling party has nothing to do with the upcoming party...

President Lungu Blames UPND MP for the Bad Road Network in Rufunsa District

President Edgar Lungu says the road network in Rufunsa District has not been worked on because area Member of Parliament Sheal Mulyata has not...

Bill10 is the gravedigger of Zambia’s democratic tradition – Sishuwa

If passed into law, the Constitution of Zambia (Amendment) Bill Number 10 of 2019 would weaken institutions like elections and the constitution that offer...

More Articles In This Category

- Advertisement -
[Read 25 times, 1 reads today]