OCTOBER ANNUAL INFLATION RATES DROPS TO 6.4 PERCENT

The annual rate of inflation for the month of October 2017 has decreased to 6.4 percent compared to 6.6 percent recorded in September 2017.

Central Statistical Office (CSO) Director for Census and Statistics John Kalumbi says the downward movement in the annual inflation Rate has been attributed to price movement in both Food and Non-Food items.

Mr Kalumbi told a media briefing in Lusaka today that this means that on average, prices increased by 6.4 percent between October 2016 and October 2017.

He also disclosed that the year on year Annual food inflation rate for October 2017 was recorded at 4.9 percent compared to 5.0 percent recorded in September 2017.

The CSO Director for Census and Statistics explained that the decrease in the annual food inflation rate is mainly attributed to price changes for Bread and cereals such as Rice, Buns and Flitters.

Ends/SK

Posted in Business News.

Leave a Reply