Thu, 17 Nov 2016 14:28:37 +0000 THE Bank of Zambia has projected that the inflation rate will drop to a single digit by the end of the year despite the increase in fuel prices. Addressing a media briefing yesterday in Lusaka, BoZ Governor Denny Kalyalya said that although the increase in fuel prices for October were likely to raise monthly inflation in November and December, the annual inflation rate was still projected to fall to a single digit by the end of the year. Single digit inflation has also been predicted by the Monetary Policy Committee (MCP) which noted that the annual overall inflation declined over the second and third quarter of 2016 from 22.2 percent in March to 18.9 percent in September. Dr Kalyalya said that the drop in overall inflation was driven by both food and non-food inflation attributed mainly to the seasonal increase in the supply of some food items and […]
