The August 2011 Zambian inflation rate reduced to 8.3 percent from 9 percent recorded in July 2011
This reduction in the Zambias annual inflation rate was as a result of reductions in food and non-food prices.
The Zambias annual inflation rate was announced by the Central statistical Office on 25th August 2011. According to the report, the figures were as follows: Between July 2011 and August 2011, annual inflation rates reduced for food, beverages and tobacco, clothing and footwear. On the other hand, the annual rates of inflation increased for transport and communication, recreation and education.
Central Statistical Office deputy director (CSO) Mr. William Makaya said of the total 8.3 percent annual inflation rate in August 2011, food products accounted for 2.5 percent, while non-food products in the consumer price index accounted for 5.8 percent. Mr. Makaya also announced that the annual food inflation rate reduced from 5.9 percent in July 2011 to 5.4 percent in August 2011.
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