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Inflation Rises to 6.5% in April

Inflation for the month of April recorded a negligible increase of 6.5 percent from 6.4 percent the previous month due to an increase in prices of non-food products.

Despite the slight increase in the inflation rate, the Kwacha, that has been under pressure the past months, extended its bullish run for the third consecutive day dipping to K5,120 from the opening levels of K5,180,thus restoring confidence in the country’s economy.

Central Statistical Office (CSO) director John Kalumbi disclosed at a briefing today that the annual rate of inflation increased for housing, water and electricity, education and other goods and services between March and April.

“The annual food inflation rate remained unchanged from March to April 2012 at 6.4 percent (while) the annual non-food inflation rate was recorded at 6.5 percent in April from 6.4 percent in March,” he said.

Source: Zambia Daily Mail 

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