The annual Rate of inflation for the month of February 2001 has decreased to 6.8 from 7 percent recorded in January this year.

Central Statistical Office Director John Kalumbi explained that this means that on average prices increased by 6.8 percent between February 2016 and February 2017.
Speaking at the CSO monthly briefing, Mr Kalumbi attributed the decline to the price changes of non-food items.
Mr Kalumbi explained that of the total 6.8 percent annual inflation rate recorded in February 2017, food and non-alcoholic beverages accounted for 3.9 percent while non-food products accounted for a total of 2.9 percent.
Meanwhile, Mr Kalumbi also disclosed that Zambia recorded a trade deficit in January 2017 valued 275.6 million from 754.2 million KWACHA recorded in December 2016 representing a 63.5 percent.
Mr Kalumbi says this means that the country imported more in January 2016 than it exported in nominal terms.

Posted in Development News.

Leave a Reply