Zambia: Inflation Rate Drops

ZAMBIA's annual inflation rate in February slowed down by 0.3 per cent to 7.4 from 7.7 per cent recorded in January 2015, as the country records a trade deficit of K113.7million.??This means that on average, prices decreased by 7.4 per cent between February 2014 and February 2015.

Central Statistics Office (CSO) acting director for census and statistics Goodson Sinyenga said at a media briefing in Lusaka yesterday that, of the total 7.4 per cent annual inflation rate?recorded in February 2015, food and non-alcoholic beverage products accounted for 3.9 percentage points.

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