By BUUMBA CHIMBULUZAMBIA’s annual inflation rate has closed the year at one of the lowest rates ever of 16.4 percent.The annual rate for December, 2021 decreased to 16.4 per cent from the 19.3 per cent recorded the previous month.At the beginning of year, inflation stood at 21.5 per cent compared to 12.5 per cent recorded in 2020.According to Zambia Statistical Agency (ZamStats) interim statistician general Mulenga Musepa, on average prices of goods and services increased by 16.4 per cent between December 2020 and December 2021.Addressing journalists in Lusaka yesterday, Mr Musepa indicated that the slowdown in the annual inflation was attributed to favourable price movements in both food and non-food items.He explained that the annual food inflation declined by 5.5 percentage points to 19.9 per cent in December this year compared to 25.4 per cent the previous month.The decrease was mainly attributed to price movements in food items such as mealie meal, maize grains, Samp, […]
Inflation rate closes 2021 at lowest rate
