as the country closes 2024 with a high inflation rate from 13.2 percent it opened the year with in January. By BUUMBA CHIMBULU INCREASED prices of bread and cereals such as maize grain and rice have led to the country closing the year with a high annual inflation rate of 16.7 percent. The country opened this year with an annual inflation rate of 13.2 percent from 13.1 percent recorded in December 2023. The Zambia Statistics Agency (ZamStats) acting Statistician-General, Ms Sheila Mudenda attributed the increase in annual inflation rate for December 2024 to price movements of both food and non-food items. Ms Mudenda pointed out bread and cereal, meat and fish as among some the commodities whose high prices led to the increased in the annual inflation rate. Bread is fetching above K25 a loaf. “Annual inflation for December 2024 increased to 16.7 percent from 16.5 percent recorded in November, 2024. This means that on […]
High prices of bread, mealie meal trigger 16.7pc inflation hike
