Inflation up by 0.2 percent

Zambia’s inflation for August has risen by 0.2 percent from 7.1 last month to 7.3

Central Statistics Director (CSO-) John Kalumbi has attributed the 0.2 percent rise to an increase in non food inflation.

Kalumbi attributed the increase to changes in transport and other consumption goods that rely on transport.

And Kalumbi has disclosed that Zambia recorded a trade deficit of 958.3 million kwacha in July.

He explained that the country imported more in July than it exported in nominal terms.

He warned that if power outages continue affecting producers and reduce production the country will record a further rise in inflation.

 

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