The 2012 Zambian Inflation Target Is Set At 7 Percent!

How is the Zambian inflation going to be like in 2012?

According to the 2012 Zambian Budget speech delivered by Alexander B. Chikwanda, a veteran politician, on Friday, 11th November, 2011, one of the macroeconomic objectives in 2012 is to attain end-year inflation of no more than 7.0 percent.

Is this going to be met?

Let's look briefly at how the Zambian government managed to hold the inflation rates in the years 2011, 2010, 2009, and 2008.

This could be an eye opener for how 2012 is going to turn out!

The country was aiming for 7 percent in 2011. The actual turned out to be 7.2 percent

In the year 2010, the year-end inflation was set at 8.0 percent.

Come the month of December 2010, Zambia's inflation rate closed at 7.9 percent.

The 2009 Zambia inflation projection was fairly accurate. The year closed at 9.9 percent. The inflation target was projected at 10 percent.

The 2008 Zambia inflation target was set at 7 percent. By December 2008, the inflation rate was 16.6 percent, missed by 9.6 percent!

Now the monthly inflation rates for the year….