ECONOMIST Noel Nkhoma says the impact of reduced inflation has not been felt because people’s wages have not changed. And Nkhoma says Zambia’s reclassification to low income status by the World Bank will not affect the IMF talks. Speaking when he was featured on Diamond TV’s COSTA programme, Nkhoma said very few companies had been able to match the inflation rate in terms of salaries. “Let us not look at inflation again outside the fact that yes inflation could have come down, but what has it done to the power purchasing parity for the people? Now that inflation has come down to nine, which means that you are better off with a stronger currency which basically speaks to stability. But…...

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