Inflation Rate on the Rise

Zambia’s consumer inflation quickened to 7.9% year-on-year in June, compared with 7.8% in May, largely due to a rise in the prices of non-food items, the statistics office said on Thursday. On a month-on-month basis, CPI slowed to 0.4%, from 0.9% in May.

Zambia recorded a trade surplus of 43 million kwacha in May, up from 29.2 million kwacha in April.

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