THE annual rate of inflation has reduced to 9.7 percent for the month of October from the 9.9 percent recorded in September, 2022. And Zambia Statistics Agency Interim Statistician General Mulenga Musepa says Lusaka was the highest contributor to the country’s Gross Domestic Product (GDP) between 2019 and 2021, followed by Copperbelt. At a briefing, Thursday, Musepa attributed the reduction in inflation to movements in the prices of non-food items. “Annual inflation for October 2022 slowed-down to 9.7 percent from 9.9 percent recorded in September, 2022. This means that on average, prices of goods and services increased by 9.7 percent between October 2021 and October 2022. This development was mainly attributed to movements in prices of non-food items. Annual food…...

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