ZAMBIA INFLATION STAGNATES WITH POLLS AROUND THE CORNER

Zambia’s inflation rate for the month of July has stagnated at 9 percent.

The state department in charge of national statistics in June quoted the monthly inflation rate at 9 per cent.

The Central Statistical Office says the rate of inflation has remained the same.

This is despite the food, beverages and tobacco prices having increased over the respective period.

The department’s Acting Director for Census and Statistics, John Kalumbi however says the annual inflation rate for clothing and footwear among other non-food products has reduced.

Meanwhile, Zambia has continued recording trade surpluses with June records indicating 527.3 billion kwacha.

This however represents a nominal decrease of about 33.7 percent from 795.6 billion kwacha recorded in May 2011.

Meanwhile, the nation’s premier agriculture and commercial show has opened today, 28^th July 2011 under the theme Shaping Tomorrow’s World.

Various international exhibitors from at least 18 countries, have confirmed their participation.