INFLATION DROPS TO 19p.cBy BUUMBA CHIMBULUTHE annual inflation for November, 2021 has dropped to 19.3 percent driven by price reductions in both food and non-food items, as Zambia’s total trade for this year so far increases to over K300 billion.Zambia’s annual inflation rate for the month of November decreased to 19.3 percent from 21.1 percent recorded in October 2021, according to the Zambia Statistics Agency (ZamStats) interim Statician General, Mulenga Musepa.Mr Musepa explained that the slowdown in annual inflation was mainly attributed to favourable price movements in both food and non-food items.“This means that on average, prices of goods and services increased by 19.3 percent between November 2020 and November 2021,” Mr Musepa said yesterday in Lusaka when announcing the inflation rate for November.Mr Musepa also said food inflation decreased to 25.4 percent from 28.1 percent in October 2021.Meanwhile, Mr Musepa announced that the cumulative total trade recorded for the period January to October 2021 was K300.4 billion.Mr Musep also indicated that total Trade in October 2021 decreased by 3.8 percent to […]
INFLATION DROPS TO 19p.c
