• Drop in Annual inflation rate to 13.1% from 14.2% recorded in February 2022 does not necessarily mean that commodity prices will start reducing
• The decrease in Annual inflation rate simply means the slow pace at which prices are increasing.
• Need for more sanitization to the public on Inflation so that citizens are not misled.
An Economist says the drop in annual inflation rate to 13.1% from 14.2% recorded in February 2022 does not necessarily mean that commodity prices will start reducing.
Speaking in an interview with Money FM News, Emmanuel Zulu explained that the decrease in annual inflation rate simply means that the pace at which prices are increasing has slowed down.
Mr. Zulu stated that there is need for more sanitization to the public on Inflation so that citizens are not misled.
“Nothing much has been done to sensitize the public around the country’s inflation rate that is why citizens lag behind and expect commodity prices to start reducing due to lack of information,“ he said.
Mr. Zulu said there are a number of terminologies such as deflation which comes when prices of goods and services drastically reduces to the negatives.
He advised Government to be very smart in the it manages information dissemination as managing an economy is not an easy job to do.
On Thursday, Zambia Statistics Agency (ZamStats) revealed that annual inflation for March, 2022 has decreased to 13.1% from 14.2% recorded in February 2022, driven by price movements in selected food and non-food items.
