Economics
Zambian Inflation Accelerates for Second Straight Month
- Consumer prices rose 16% in October from a year earlier
- Increase in inflation mainly due to higher food prices
Thursday market in Lusaka.
Photographer: Martin Mbangweta/Xinhua via Getty Images
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Zambian inflation accelerated for the second straight month in October.
Consumer prices rose 16% from a year earlier, compared with 15.7% in September, Mulenga Musepa, the interim statistician general at the Zambia Statistics Agency, said in a virtual briefing. Costs increased 1.3% in the month.