2008 Zambian Inflation Rate Misses Target by 9.6 percent

The 2008 Zambian inflation target was set at 7 percent.

From the month of January 2008, Zambia’s inflation rate maintained a single digit rate until May 2008 when it reached double digits at 10.9 percent and in December 2008, it shot to 16.6 percent!

Contributing to this were high global prices, rising food prices, and power outages.

The upward surge was expected.

As early as 17th June 2008, at an Economics Association of Zambia (EAZ), Bank of Zambia (BoZ) Deputy Governor of operations Dr. Kalyalya said the Zambian inflation rate was going to continue rising as a result of increasing cost of commodities.

And here were the inflation monthly performances:

December 2008

Read the December 2008 Inflation ...here!

November 2008

Read the November 2008 Inflation ... here!

October 2008

Read the October 2008 Inflation ...here!

September 2008

Read the September 2008 Inflation ...here!

August 2008

Read the August 2008 Inflation ...here!

July 2008

Read the July 2008 Inflation ...here!

June 2008

Read the June 2008 Inflation...here!

May 2008

Read the May 2008 Inflation...here!

April 2008

Read the April 2008 Inflation...here!

March 2008

Read the March 2008 Inflation...here!

February 2008

Read the February 2008 Inflation...here!

January 2008

Read the January 2008 Inflation...here!

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