The inflation rate for the month of October 2018 has increased to eight point three percent from seven point nine percent in September 2018.
The Central Statistical Office has attributed this to the increase in fuel prices and the volatility of the exchange rate.
CSO Acting Director for Census Goodson Sinyenga explains that the increase is due to the purchase of vehicles, fuels and lubricants among other factors.
He was speaking when he presented the monthly CSO bulletin in Lusaka today.
And Zambia’s Trade deficit increases by one point two percent from one point seven billion kwacha recorded in August 2018 to one point eight billion kwacha recorded in September 2018.
Mr. Sinyenga says this implies that the country exported in nominal terms.
Mr. Sinyenga says imports decreased by eight point six percent from ten point one billion kwacha in August 2018 to nine point two million kwacha in August 2018 to nine point three billion kwacha in September 2018.
He attributes this decrease to the decline in imports of capital goods by nineteen point nine percent from three point seven billion kwacha in August 2018 to two point nine billion kwacha in September 2018.