The annual inflation rate for November 2016 has reversed to a single digit standing at 8.8% compared to 19.5% in November 2015.
Director of Census and Statistics John Kalumbi says this means that on average prices increased by 8.8% between November 2015 and November 2016.
Mr. Kalumbi clarified that the decrease in the annual inflation rate does not mean a fall in the prices of goods and services.
He said this during the release of the November 2016 statistics monthly bulletin.
The year on year inflation rate as measured by the ‘all items consumer price index’ in November has shed 3.7% on the October 2016 rate of 12.5 percent.
The monthly rate of inflation has however increased to 1.5% in November 2016 from 0.5% in October 2016.