How was the 2014 Zambian inflation rate like?
The inflation target of 7.0 per cent for 2014 was announced by Minister of finance Mr Alexander B Chikwanda on Friday 11th October 2013 during his 2014 Zambian Budget Speech. The theme of the budget was ‘Delivering inclusive development and social justice’.
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However, the January 2014 Zambian Inflation rate has already shown an upward movement by 0.2 percentage points. Will the intended target be achieved?
To have an idea of how the 2014 Zambian Inflation may perform, let's look at the previous years' performance and have an
idea of where we are coming from.
In the year 2011, the Zambian government missed the set inflation target for the year 2012. December 2012 closed at 7.3 per cent against the predicted target of 7.0 per cent.
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 Zambian inflation rates for the year 2014.
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