A Financial Expert has projected that the inflation rate for the month of June 2019 will remain constant at 8.1 percent.
Development Finance Associates Senior Partner Trevor Hambayi says his expectation is because June has been a good month for revenue generation for the government due to the income tax payments by corporates.
Mr. Hambayi says there is more demand for people to pay their taxes than spending cash so the rate of inflation should maintain.
He was speaking in an exclusive interview with Money FM News in Lusaka.
The year on year inflation rate as measured by the all items Consumer Price Index (CPI) for May 2019 increased to 8.1 percent from 7.7 percent in April 2019, according to the Central Statistical Office (CSO).
The increase in the annual rate of inflation was mainly attributed to upward price movements in food items such as dried fish, dried Kapenta (Mpulungu, Siavonga and Chisense), Meats and Vegetables.