The 2010 Zambian Inflation Target Is Aimed At A Single Digit!

How is the Zambian inflation going to be like in 2010?

An indication of where we will be this year can be gauged by looking at the previous years. 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!





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

Now in the year 2010, the year-end inflation has been set at 8.0 percent.

Government's intention this year is to maintain the status quo: The inflation rate should be in single digits!

On 12th January 2010, a 15 percent increment on petroleum products was announced. There was concern raised by consumers that this will fuel inflationary pressures and affect the economic gains that the country had recorded in 2009.

Will continue looking at how the country will fare during the rest of the year...

2010 Zambia Inflation

February 2010

The February 2010 Zambia inflation rose to 9.8 percent due to a 15% increment on petroleum products and food products.

January 2010

The January 2010 Zambia inflation decreased by 0.30 percent from that recorded in December 2009. This was due to reductions in some food prices.

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