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The inflation rate for December 2016 has closed at an impressive 7.5% standing consistently with the target set by the Bank of Zambia.
It marks a drop from last month’s 8.8% that was recorded in November 2016.
The Bank of Zambia had set a target of single digit inflation at the close of 2016 and will be happy to have met that target.
Central Statistical Office (CSO) Director John Kalumbi said that 7.5% was the year on year increase from where it stood last year at the same time.
Kalumbi said the national economy in the first half of 2016 grew by 4 percent with the Gross Domestic Product (GDP) standing at 60.4-billion kwacha.
The post Zambia’s Inflation At 7.5 At Close Of 2016 appeared first on Zambia Reports.
