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Zambia Inflation Quickens for 8th Straight Month

  • Inflation rate rose to 10.8% in November from 10.7% in October
  • Central bank increased key rate by 125 basis points last week
General Economy And Kwacha Banknotes As Zambia Seeks To Reverse World's Worst Currency Performance

Photographer: Waldo Swiegers/Bloomberg

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Zambian inflation accelerated for an eighth straight month in November to the highest rate in three years as a drought pushed up food prices and a rapid depreciation of the currency made imports more expensive.