ZAMBIA ANNUAL INFLATION MARGINALLY RISES

Zambia annual rate of inflation, as recorded at the end of November 2012, has increased by o.1 percentage points.

The latest rate of inflation has been quoted at 6.9 %, up from 6.8 %, recorded during the month of October 2012.

The country’s official economic data tabulation agency, the Central Statistical Office has revealed, in the capital Lusaka.

Goodson Sinyenga, The agency’s Acting Director, has attributed the rise to marginal increases in prices of non-food items.

‘Regarding disaggregates, the annual rate of inflation increased for alcoholic beverages and tobacco, clothing and footwear,’ Sinyenga said at a briefing.

Other factors are housing, water, electricity, gas and other fuels, households and routine maintenance equipment.