Categories: Business Editor's Picks

Inflation up by 2 percentage points

he Inflation rate for October 2019 has increased to 10.7 percent from 10.5 percent in September 2019. Zambia Statistics Agency, formerly Central Statistics Office interim statistician General Mulenga Musepa however says the increase in the rate tended towards stabilization.Mr. Mulenga explains that the Change for September/october inflation was slower than that of August and September.He was speaking when he presented the Agency’s monthly Bulletin in Lusaka today.Meanwhile the Agency has revealed that the highest GDP growth rate for Zambia between 2016 to 2019 was recorded in the third quarter of 2018 when the economy grew by 5.9 percent.Mr. Musepa has also revealed that the final GDP estimates for 2018 show that the economy grew by 4 percent compared to 3.5 percent in 2017.He explains that the 3.7% preliminary annual growth rate for 2018 released in march 2019 has been revised to 4%.

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