inflation

Zambia’s annual inflation rate rose by 0.5 percentage points in August compared to the previous month, its statistics agency said on Thursday.

Overall year-on-year inflation as measured by the consumer price index (CPI) increased to 9.3 percent in August, up from 8.8 percent in July.

The Central Statistical Office (CSO) attributed the surge to higher prices of food items such as mealie meal and maize grain, among others.

Year-on-year food inflation rose to 10.3 percent in August, up from 9.3 percent of July, according to the CSO. Enditem

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