ECONOMIST Trevor Hambayi says the depreciation of the Kwacha will directly affect the prices of goods and services. As at close of the business day, Tuesday, the US Dollar was selling at K25.78 and buying at K25.73. In an interview, Hambayi said the cost of living would increase. “It’s a basic principle. Unfortunately, Zambia is an import dependent country and the price of goods and services is always pegged against the US Dollar and any increases or depreciation in the Kwacha will directly affect the prices of goods and services. What you do see is yes, generally speaking, there will be an increase in the cost of living. Everything is going to go up in line with the depreciation of...

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