ZAMBIA’S SEPTEMBER INFLATION SOARS TO 8.8 PER CENT

The Central Statistical Office has cited increased food prices as the major contributor to the increased monthly inflation rate for September.

The CSO has since quoted the latest figure for inflation at 8.8 per cent, up from 8.3 per cent quoted for the month of August.

Among the food products whose prices are quoted to have increased are mealie-meal, maize and tomato.

And the CSO has explained that food inflation rate for September increased to 6 percent from 5.4 per cent in August 2011.

According to the CSO, the increase in inflation was also necessitated by non-food elements as captured in the consumer price index.