Zambia’s consumer inflation slowed sharply in December on lower food prices while economic growth was seen down in 2011 compared with last year due to decreased output from mining in Africa’s largest copper producer, the Central Statistics Office said on Thursday.
Inflation was at 7.2 percent year-on-year in December from 8.1 percent in November and was expected to end the year at 7 percent, the CSO said.
“The decrease is mainly attributed to a reduction in some food prices,” the statistics agency said.
Zambia expected GDP growth to ease to 6.5 percent in 2011 from 7.6 percent last year, with lower expansion seen in the primary sector.
“The slower growth in the primary sector is attributed to the expected smaller increase in the mining output,” the CSO said.
It said Zambia had recorded a 315.9 billion Zambian kwacha surplus in November 2011 compared with a 187.5 billion kwacha surplus in October