Zambia's June Inflation Slips to 6.5% as Q1 GDP Growth Accelerates to 7.7%
Updated
Updated · IndexBox, Inc. · Jun 25
Zambia's June Inflation Slips to 6.5% as Q1 GDP Growth Accelerates to 7.7%
3 articles · Updated · IndexBox, Inc. · Jun 25
Summary
June consumer inflation eased to 6.5% from 6.6% in May, with food inflation slowing to 6.7% and non-food inflation to 6.0%.
Food and non-alcoholic beverages contributed 4.1 percentage points to the headline rate, while housing, water, electricity and gas led non-food pressures with a 1.0-point contribution.
Eight provinces recorded lower annual inflation in June, including Lusaka at 8.4% from 8.5%, while North-Western held steady at 5.7%.
Q1 GDP grew 7.7% year on year, up from 4.5% a year earlier, led by agriculture, arts and entertainment, information and communication, and transport.
Trade data showed a mixed backdrop: January-May cumulative trade fell 9.5% to K248.9 billion from K275.0 billion, even as the broader economy strengthened.