THE annual inflation rate for September 2023 has increased to 12 percent from the 10.8 percent recorded in August, 2023. And the Zambia Statistics Agency (ZamStats) has disclosed that the GDP estimates for the second quarter of 2023 shows that the economy grew by 5 percent from 5.9 percent in the second quarter of 2022. At a media briefing, Thursday, ZamStats Statistician General Mulenga Musepa attributed the rise in inflation to price movements of selected food and non-food items. “The annual inflation for September 2023 increased to 12.0 percent from 10.8 percent recorded in August 2023. This means that on average, prices of goods and services increased by 12.0 percent between September 2022 and September 2023. This development was mainly...

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