The November 2016 Zambian annual inflation rate was recorded at 8.80 percent, compared to 12.5 percent recorded in October 2016. This means that on average prices increased by 8.8% between November 2015 and November 2016.
The announcement of the Zambian annual inflation rate was announced by the Director of Census and Statistics Mr John Kalumbi.
In fact the inflation rate has steadily been going down from January 2016 to date as follows, January 2016 – 21.8%, February 2016 – 22.9%, March 2016 – 22.2%, April 2016 – 21.8%, May 2016 – 21.3%, June 2016 – 21.0%, July 2016 – 20.2%, August 2016 – 19.6%, September 2016 – 18.9%, October 2016 – 12.5%.
Mr John Kalumbi said the reduction in the annual rate of inflation was due to the year on year base effect starting from the month of November 2015.
However, he pointed out that the monthly inflation rate for November 2016 had actually increased from 0.5% in October 2016 to 1.5% in November 2016.
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November 2016 Zambian Annual Inflation Rate > Zambian Inflation