{"id":22178,"date":"2022-05-05T19:28:34","date_gmt":"2022-05-05T19:28:34","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/inshimbi-ni-nshimbi-zambia-inflation-falls-to-11-5"},"modified":"2022-05-05T19:43:50","modified_gmt":"2022-05-05T19:43:50","slug":"inshimbi-ni-nshimbi-zambia-inflation-falls-to-11-5","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/inshimbi-ni-nshimbi-zambia-inflation-falls-to-11-5","title":{"rendered":"INSHIMBI NI NSHIMBI- ZAMBIA INFLATION FALLS TO 11.5 %"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>HH has cut inflation by 50 % in eight months. Bank of Zambia governor thanked government for fiscal restraint. Zambia this is like getting a pay raise.<\/p>\n

\u201cZambia\u2019s annual inflation rate decelerated for the ninth straight month to 11.5% in April of 2022, from 13.1% in the previous month. It was the lowest reading since November 2019, amid a slowdown in prices of both food (14.1% vs 15.3% in March) and non-food products (8.2% vs 10.3%). On a monthly basis, consumer prices were up 0.7%, slowing from a 0.8% rise in the previous month.<\/p>\n

The slowdown corroborates the central bank\u2019s expectations that inflation is trending downwards and could ease pressure on the monetary policy committee to hike interest rates on May 17th.<\/p>\n

The Central Bank of Zambia raised its key interest rate by 100bps in 2021 as inflation has been above the upper bound of the 6-8% target range since May 2019. source:\u201d Central Statistical Office of Zambia<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. HH has cut inflation by 50 % in eight months. Bank of Zambia governor thanked government for fiscal restraint. Zambia this is like getting a pay raise. \u201cZambia\u2019s annual inflation rate decelerated for the ninth straight month to 11.5% in April of 2022, from 13.1% in the previous month. It was the […]<\/p>\n","protected":false},"author":84,"featured_media":22176,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,235,233],"class_list":["post-22178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nINSHIMBI NI NSHIMBI- ZAMBIA INFLATION FALLS TO 11.5 % - Zambia<\/title>\n<meta name=\"description\" content=\"HH has cut inflation by 50 % in eight months. 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