By BUUMBA CHIMBULU ZAMBIA’S annual inflation rate for this month has surged to 16.5 percent, primarily driven by rising price movements of non-food items such as electricity and fuel, according to data made available by the Zambia Statistical Agency (ZamStats). This is an increase from 15.7 percent recorded in October, 2024, reported ZamStats acting Statistician General, Sheila Mudenda. Non-food items included electricity, purchase of motor vehicles (Toyota Hilux, Toyota corolla, Nissan ALMERA 1.5 L Acenta MT, Nissan Pick (Nissan Hardbody)), passenger transport by air and fuel (petrol and diesel). Disseminating the November 2024 monthly bulletin in Lusaka yesterday, Ms Mudenda explained that this meant that on average, prices of goods and services increased by 16.5 percent between November 2023 and November 2024. “This development was mainly attributed to price movements of Non-food items,” she added. On provincial rates, Central Province recorded the highest annual inflation rate at 21.7 percent whereas Northern Province recorded the lowest […]
Inflation on swelling route, hits 16.5pc
