ECONOMIST Lubinda Haabazoka says it’s not surprising that the inflation rate has increased once more to 13.1 percent because the Kwacha has continued to depreciate on a daily basis. The annual inflation rate for December 2023 increased to 13.1 percent from the 12.9 percent recorded in November 2023. Commenting on this in an interview, Friday, Dr Haabazoka said inflation would continue rising as long as the kwacha did not stabilise. “It’s not surprising that the inflation rate has increased once more to 13 percent. It is because the Zambia Kwacha has been losing value on a daily basis. And most of the goods that we consume are imported and we import using forex. And as such when the product arrives...
