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Zambia inflation hits 15-month low on fuel and transport price drops

The Tazara Railway. Photo by Katsuma Tanaka @ Unsplash
The Tazara Railway. Photo by Katsuma Tanaka @ Unsplash
  • Non-food prices drive sharp inflation slowdown
  • Central bank signals confidence with rate cut

 

LUSAKA, ZAMBIA – Consumer prices in Zambia eased in November, with annual inflation slowing to 10.9% from 11.9% in October on falling non-food prices, official data showed on Thursday.

Data from the Zambia Statistics Agency said the decline marked the lowest inflation level since August 2023 and the seventh consecutive monthly drop this year, pointing to steadily easing price pressures across the economy.

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