Zambia’s inflation drops to 12.5 percent in october

Zambia annual inflation has sharply reduced in the month of October 2016, dropping by 6.4 percentage, its statistics agency said.

The annual inflation declined to 12.5 percent in October from 18.9 percent in September, according to the Central Statistical Office.

John Kalumbi, the director of the statistics agency attributed the significant decline to mainly the full impact of base effect which resulted in a decrease in both food and non-food inflation.

The monthly inflation rate however rose by 0.4 percentage points from 0.1 percent in September to 0.5 percent in October.

 

Xinhua/Zainab Sa’id