Zambia’s annual inflation rate slows down to 15.5 percent in August

Zambia - China Flag
Zambia - China Flag

Zambia’s annual rate of inflation slowed down to 15.5 percent in August from 15.8 percent in July, the country’s statistics agency said on Thursday.

The slowdown in the year-on-year inflation rate was attributed to the fall in food inflation to 15.5 percent in August from 16.1 percent in July, the Zambia Statistics Agency said in a release.

The release said there was a drop in prices of cereals and vegetables during the month.

On the other hand, the month-on-month inflation increased to 0.5 percent in August from 0.3 percent in July due to the general price increases of food items.

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