Zambia Inflation Accelerates as Underlying Price Pressures Build
- Consumer prices rose 9.6% in February from a year earlier
- Central bank projects inflation to average 11.1% this year
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Zambian inflation accelerated to a two-month high in February as non-food price growth quickened, suggesting that underlying price pressures are mounting.
Zambia’s annual inflation rate rose to 9.6%, up from 9.4% in January, driven by rising fuel and charcoal prices and a weaker currency, Statistician-General Mulenga Musepa told reporters Thursday in Lusaka, the capital.