ECONOMIST Noah Kabwita says the recent drop in the inflation rate to 11.9 per cent is due to measures being undertaken by the Central Bank. Last Thursday, Zambia Statistics Agency (ZamStats) Acting Statistician General Sheila Mudenda announced that inflation had dropped from 12.3 percent to 11.9 per cent and attributed the reduction to price movements in both food and non-food items. In an interview, Sunday, Kabwita argued that the drop in inflation was based mainly on interventions by the Central Bank and not on improvements in sectors such as manufacturing. “When we get into manufacturing, how many companies have been opened at the manufacturing level that are able to produce products that not only go into exports but are consumed...




