Inflation quickened to 10.2% in April from a year earlier Main drivers of the uptick were household appliances
Zambia’s inflation rate returned to double digits for the first time in 11 months in April as a sharp depreciation in the kwacha in the last quarter fueled by slow progress in debt restructuring talks seeped into import prices.
Also read: UN experts concerned over delay in Zambia’s debt restructuring
Annual inflation quickened to 10.2% this month, from 9.9% in March, Statistician-General Mulenga Musepa told reporters Thursday in Lusaka, the capital. That’s 2.2 percentage points above the ceiling of the central bank’s target range.
Source:
Bloomberg
