Zambia’s Inflation Rate Dips Below 10% for First Time Since 2023

Zambia’s annual inflation rate resumed its downward trend in January, slipping below 10% for the first time in nearly three years, strengthening the case for further cuts in borrowing costs.

Consumer prices in the copper-rich southern African nation rose 9.4%, compared with 11.2% last month, acting Statistician-General Sheila Mudenda told reporters in Lusaka, the capital, on Wednesday.