By Obert Simwanza
April 29 (Bloomberg) — Zambia’s annual inflation rate declined to 9.2 percent in April as food-price increases slowed, the Central Statistics Office said.
Inflation slowed from 10.2 percent in March, the agency said in an e-mailed statement today from the capital, Lusaka. The food-inflation rate dropped to 7.3 percent in the month from 9 percent previously, it said.
The Zambian government is targeting a year-end inflation rate of 8 percent this year, Finance Minister Situmbeko Musokotwane said in his budget speech in October.