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Zambia’s inflation rate for September has risen to 6.6 %,
from 6.4 % for the month of August.
The new inflation rate is however within the 7 % targeted
by government by year-end.
The Central
Statistical office has since attributed this to the recent rise in prices of
food, among them the staple food, maize meal.
Under the respective period, prices of maize meal rose by
at least 12 % for a 25 kilogramme bag, further giving rise to a 7.5 % monthly food
inflation.
Therefore food prices accounted for 3.9 percentage points
to the overall inflation rate, while non-food prices accounted for 2.7
percentage points.
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