Zambia’s annual rate of inflation rose by 0.5 percentage points in May compared to April, the country’s statistics agency said on Thursday.
The annual inflation rate, as measured by the Consumer Price Index, rose to 23.2 percent in May from 22.7 percent in April, the highest in 18 years.
This was mainly attributed to increases in prices of food items such as fish, oils and fats, among others.
In a release, the statistics agency said food inflation increased to 28.5 percent during April from 27.2 percent the previous month while non-food inflation decreased to 17.1 percent from 17.5 percent.
Meanwhile, the country’s monthly inflation decreased to 2.0 percent in May from 2.1 percent in April.
This was mainly due to general price movements of selected non-food items.
Is Zamtel sure this is a viable project? This is another throwing money into bottomless pit.
We don’t eat inflation rates. We leave those numbers for small boys like hh
HA HA HA HUNGER WILL CHANGE THE DAY FOR SURE
SORRY NOT WILL CHANGE BUT HAS CHANGED THE MINDS OF THE POPULATION
WHAT A STU- _P1D COMMENT FROM THE MAKE BELIEF CHIEF STRATAGIST FOR PF kikiki
Things are really bad, 18 years ago is a very long time. We have no choice but to go back to the basics and start all over again, starting with 12th August..
No more single digit inflation figures to boast about.
Tell me a single country in world that has experienced positive economic growth during the pandemic? Can a upnd diasporan list any country?
One would have expected a mature response from the fired political advisor
Mention one country in the world where people eat low inflation rates for breakfast. Upnd diasporans fuseke
Our friends, China
https://news.cgtn.com/news/2020-10-13/World-GDP-to-drop-4-4-in-2020-IMF–UyNuoUIFlC/index.html
ZAMBIA IS NOT BENEFITTING FROM THE HIGH COPPER PRICES AND BANK OF ZAMBIA GOVERNOR IS CLUELESS.
ZAMBIA SHOULD WITH IMMEDIATE EFFECT DECLARE THAT 25 PERCENT OF THE TOTAL AMOUNT OF COPPER FOREX EARNINGS BE USED TO SUPPORT THE KWACHA. THE MINES SHOULD BE PAID BACK AT SAY 16 KWACHA PER US DOLLAR. THAT WAY THE KWACHA WILL GAIN TO MAY BE 18 KWACHA PER USD. WE SHALL SEE THE INFLATION RATE COME DOWN.
TRADITIONAL TOOLS BY BOZ WILL NOT DO. WE REQUIRE DRASTIC MEASURES NOW.
hh & CO HAVE NO CONVINCING SOLUTIONS APART FROM RHETORIC
Yeah, it is a situation I’m contemplating that things will get worse before it even gets better even if be the newly elected Gov. somehow they will also struggle to get it right and they will be busy making excuses made from the previous government. All hear and see is that Ppl are not reflecting from what had happened last year to date with the cases of coronavirus, mind you every country in the world got affected let us remember that rather than worsting our time complaining about the economy. let us think of the solution to this ordeal and forget condemning the Gov this, the Gov that. we shall not achieve or go anywhere if whatever happens we always have to point a figure at the Gov. I think as a nation in all, we all have a small responsibility to play on our national wellbeing. Just…
This Lungu Govt is the worst ever in Zambia’s history. Things will get worse with ECL and PF in Power. These People are Corrupt, Incompetent, violent and clueless and they have no Capacity, Competencies and Political will to turnaround this Economy. If Zambians want to continue suffering let them continue with ECL. If Zambians want to end the suffering they have to vote ECL and PF out of Power. If Zambians want the Economy and their lives to turnaround they have to vote 4 a Change of Govt. The only Person with Economic and Financial competency is HH and his UPND Alliance. Zambians the choice is ours. If we want to be liberated from ECL Dictatorship let’s all vote 4 HH and UPND Alliance. A vote for ECL is as Good as Zambians committing
Mass Economic and Financial Suicide. The…
This ka KZ chap is becoming more uncouth in his mouth. Is it already so painful to see PF crumble right before your eyes and ‘theliz no’ you can do?
Mukalibe kulila….wait!
ZNBC news didn’t cover this – not surprising! State House surely told them NOT to mention it!
Zambian citizen fuseke!!
@Zambian Citizen, that is not the real Kaizer, he doesn’t have time. Its the same chap who used to pretend to be a Mushota. My bet is that it is an LT paid b…foon. On the platform to stir up the masses, to “keep things interesting”. Medicine to treat such trolls is to ignore everything they say. Do not dignify with a response.
@ I see you are fooIIsh