ECONOMIST Professor Oliver Saasa says the inflation rate is likely to reduce this month if there is stability in the exchange rate. On Thursday, Zambia Statistics Agency Chief Statistician Chola Daka revealed that the country’s inflation rate increased to 13.5 percent in February from 13.2 percent in January. Commenting on the announcement in an interview, Prof Saasa it would not be a surprise if the inflation rate dropped to 13.4 or 13.3 percent this month. “Movement in the prices would definitely [be there] this month if we can maintain the stability in terms of exchange rate, and lowering of inflation which is linked to inflation tool. I am hoping that all things being equal, if the drought will not as...

This premium content is for paid ePaper subscribers.
Subscribe
Already a member? Log in here