The January 2017 Zambian inflation rate was announced on 26th January 2017 by Mr. John Kalumbi, the CSO Director, who said that the annual inflation had reduced from 7.5% in December 2016 to 7% in January 2017.
The decline in the annual rate of inflation was attributed to the decline in the inflation rate due to price changes of both food and non-food items. This shows that in the month of January 2017, there had been a decrease in the annual rate of increases in prices.
CSO Director of Census and Statistics John Kalumbi explained that the total annual inflation rate for Food and Non-alcoholic beverages accounted for 3.9 percentage points while non-food items accounted for 3.1 percentage points.
A trade deficit of K 758.5 million was recorded in the month of December 2016. This means that the country imported more in December 2016 that it exported in nominal terms. In fact the country has had trade deficits the whole year of 2016.
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