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The rate of inflation rises to 9.9%

Zambia’s annual inflation rate for July 2022 climbed from the 9.7 percent of the previous month to 9.9 percent.

This indicates a 9.9 percent increase in the cost of goods and services, according to interim statistician general MULENGA MUSEPA of the Zambia Statistics Agency (ZAMSTATS).

Food goods like fish, fruits, and cooking oil have registered price changes, according to Mr. MUSEPA.

He claims that the provinces of the Copperbelt and Lusaka made the largest contributions to yearly inflation, each making 2.5 percentage points, while the provinces of the North-Western, Eastern, and Western made the smallest contributions, each making 0.4 and 0.5 percentage points.

In addition, Mr. MUSEPA notes that the cumulative total commerce for the months of January through June this year totaled 176.7 billion kwacha, down from 181.3 billion kwacha during the same time in 2016.

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