Zambia, which has been on a rapid economic recovery pace for the past year, has yet again seen its inflation rate fall.
The recent inflation decline has taken the country’s economy to a position last witnessed in 2018, 2 years before the Covid-19 pandemic.
As seen on Bloomberg, the Southern African country’s inflation rate fell in June to the lowest level since early 2018, attributed to a marginal deceleration in price increases across multiple sectors.
Statistician-General Sheila Mudenda informed journalists in Lusaka on Thursday that consumer prices recorded a year-on-year dip of 6.5% this month, representing a decrease from the 6.6% reported in May.
On a month-on-month basis, prices advanced by 0.1%.
