Wednesday September 06 2017
Zambia Inflation Rate at 6.30 percent
Zambia's consumer prices rose 6.3 percent year-on-year in August 2017, easing from a 6.6 percent increase in July. It is the lowest inflation rate since July of 2012, as prices went up at a slower pace for food (5.1 percent vs 5.3 percent in July), namely bread and cereals, meat and table salt. Also, cost of non-food items slowed (7.7 percent vs 8.1 percent), mostly for transport (diesel, petrol, car battery and motor cars). On a monthly basis, consumer prices edged up 0.1 percent after decreasing 0.1 percent in July.