The inflation rate as measured by all items on the Consumer Price Index for April 2020 has increased to 15.7%, up from 14% recorded in March 2020.
It means that on average, prices of goods and services have generally increased by 15.7% between April 2019 and April 2020.
Interim Zambia Statistics Agency Statistician-General Mulenga Musepa, told a media briefing that the increase in the annual rate of inflation was attributed to price increases in both food and non-food items.
Mr. Mulenga adds that the development is due to increases in prices of food items such as Dried bream, Dried kapenta, Cooking oil, Live Chicken, and Sugar.
The year on year non-food inflation for April 2020 was recorded at 14.2% compared to 12.7% recorded in March 2020.
In other news – Mpundu Buseko Mwape retires
“HELLO everybody, welcome to the programme; a programme designed to bring news and interviews on agricultural trends and developments shaping Zambia’s agro destiny. This is Lima Time.”
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Source: Zambia Reports