The monthly inflation rate rose to 1.0 percent from 0.9 percent in the previous month, the Central Statistics Office said.
“The decrease in the year-on-year inflation rate is mainly attributed to the price changes of non-food items,” Central Statistical Office director John Kalumbi said in a statement.
Another excellent result from the hard working PF govt! Soon mealie meal prices will drop further and the Kwacha will be at K6 to the USD. Copper prices expected to rise further as demand rises as a result of both anticipated construction boom in the US as well as a standstill in production in Chile.
PF govt delivering! Let the United Dunderhead haters hate and continue to suffer from depression as things improve!
Is this inflation re-based too? As we re-based the kwacha by removal of 3 zeros, therefore this inflation is meant to be 68%. Because if I look at the prices of goods. People let not say mealie meal costs K97.00 but say K97,000.00
Makes no difference. Earnings also would be called with such zeros. Cancels everything.
F00lish thinking. stop the rot. Not even me HH can’t think like that.
PF the working government…..
I heard of a president who was impeached because of manipulating economic parameters to win an election.Just thinking are these figures real given the situation on the ground?
Fake stats…why are bank interest rates still above 40% for most banks when inflation is very low?
The PF inflation figures are the only figures in the world where a drop in inflation means a drop in living standards.
I need to be educated on this decline in inflation which does not translate into anything positive on the ground. Prices of goods keeps rising. Just yesterday, I bought a bag of Mealie meal (Simba number 1) at K100, fuel prices still high, the cost of living is generally high.
Economic growth needs to be translated in economic development. We are waiting for the translation.