World Economy

Zambia Inflation Drops

Zambia Inflation DropsZambia Inflation Drops

Consumer bodies have said that the drop in inflation in the month of August is an indication that the economic environment in Zambia is stable, NewsNow reported. Central Statistical Office on Thursday announced that the annual rate of inflation for August decreased to 19.6% from 20.2% in July. The African Consumer Union said the reduction in inflation was a clear indication that the economy was improving. ACU first vice-president Muyunda Ililonga said despite the country holding elections this month, the economy had remained stable and the Kwacha was improving against the US dollar.