The annual inflation rate for March 2017 inflation rate has marginally decreased by 0.1 percentage points to 6.7 percent from the February rate of 6.8 percent.
Central Statistical Office Director, John Kalumbi has attributed the reduction to the price changes of food items.
Kalumbi has explained that the decline in inflation means on average prices increased by 6.7 percent between March 2016 and March 2017.
Mr kalumbi added that the year on year food inflation rate for March 2017 was recorded at 6.7 percent compared to 7.4 percent recorded in February 2017 representing a decrease of 0.7 percentage points.
Mr. Kalumbi said that the decrease in the annual food inflation rate is attributed to price changes for fish items and vegetables such as tomatoes and cabbage.
Speaking during a media briefing yesterday morning, Mr. Kalumbi said that Lusaka Province recorded the highest provincial contribution of 1.7 percent points on the overall annual inflation rate of 6.7 percent in March, while Western Province recorded the lowest contribution of 0.2 percent.
Mr Kalumbi said that the implcation of this is that the price movements in Lusaka province had the greatest influence on the overall annual rate of inflation.
Mr. Kalumbi also said that Zambia recorded a trade deficit in February 2017 valued at K1,140.8 million from K227.3 million recorded in January 2017, representing a 401.9 percent increase, meaning that the country imported more in February that it exported in nominal terms.