Zambia has recorded an increase in its annual inflation rate in May compared to the previous month, its statistics agency has said.
This is the 14th straight month that inflation has risen.
The agency, in its monthly bulletin, attributed the increase in the annual rate of inflation to price increases in both food and non-food items.
Food inflation increased to 17.5 percent from 17.0 percent while non-food inflation increased to 15.5 percent from 14.2 percent the previous month, it added.
However, the month-on-month inflation decreased to 1.6 percent from 2.2 percent the previous month.
Misery index on the rise. But Alexander Chikwanda will not lose his sleep tonight.
Free fall. Country now needs economic managers, it is inevitable and now over due. Nothing is working. This started even before corona
This is stupid, an increase in the annual rate of inflation cannot be attributed to increases in both food or non-food items. The opposite is the case. There are underlaying factors such as excessive government Current Expenditures or Government final consumption expenditure especially on goods and services for current use to directly satisfy individual or collective needs of the members of the community (like the wheelbarrow fire engines) that breed inflationary exhuberance in the economy which in turn spurs a general increase in the price of goods and services.
We told you that the economy has collapsed under PF government.
PF must go!
Comment: only those in pf high rank are enjoying.
Can someone please tell me which rating agency did those ratin , this is fake news from bweengwa in namwala district s/province
“…This is the 14th straight month that inflation has risen….”
Then the PF rats on LT want to blame covid ? ,
Lungu and PF have no iota on how the economy works…..
Which ratin agency? All the upnd political dogs of war are now quiet. Fake news backfires
And someone is touring in NW for 3 days
Miles Sampa bowing down to his “China Man” masters…..he has no shame….no wonder inflation is now skyrocketing…country with tough leaders like Trump…just kawayawayas and Bandits
Look at the structure of that market , right in the capital , and being toured by the useless woman with unsubstantiated academic qualifications……
This is the same phd holder who thinks Zambia is ready for nuclear generated power ……
KZ kambako tivele, what’s your take on this one with your running mate Nine Chale.?
Every economic indicator of Zambia since PF came to power in 2011 has been a long slow climb down. Very depressing figures .
The union at the university said the truth and sometimes the truth hurts, if there are any Zambians out there who have hope in PF, then the description by the University Union fits them well, because clearly the PF in government seems to be working beyond their expiry date in terms of finding solution for this country, they are outdated in the way they are trying to fiddle with solutions, a better word is that they are moribund . But there are still a lot of Stupid people around to think otherwise.