Fri, 31 Mar 2017 12:13:38 +0000 March inflation rate drops by 0.1pc By BUUMBA CHIMBULU THE inflation rate for the month of March 2017 has recorded a minimal decline of 0.1 percent, owing to price changes of food items countrywide According to the Central Statistical Office (CSO), the inflation rate for March 2017 declined to 6.7 percent from 6.8 percent recorded in February 2017. CSO director of census and statistics, John Kalumbi, told the media that the decline in the monthly inflation rate was mainly attributed to the price changes in food items. Mr Kalumbi also explained that the decrease in annual food inflation rate was mainly attributed to price changes for fish items such as Mpulungu, Bhuka-buka and Chisense. “The year on year food inflation rate fir March 2017 was recorded at 6.7 percent compared to the 7.4 percent recorded in February 2017. This represents a decrease of 0.7 percentage points,”he said. He further […]
