FORMER Bank of Zambia Governor Christopher Mvunga says the annual inflation is likely to hit a double digit. Last week Thursday, the Zambia Statistics Agency (ZAMSATS) announced that the annual inflation rate for the month of March 2023 had increased to 9.9 percent from the 9.6 percent recorded in February 2023. ZAMSATS attributed the upward adjustment in inflation to increases in prices of selected non-food items. In an interview, Friday, Mvunga projected that inflation would go up due to pressure on the exchange rate and other variables. “I can’t give you a figure because I don’t have the statistics myself. Bank of Zambia do research on how the economy is performing so they will be in a better position to...