Zambia April inflation quickens to 7.4 percent y/y – CSO

Zambia’s annual inflation rate quickened to 7.4 percent in April from 7.1 percent a month earlier, official data showed on Thursday.

On a month-on-month basis, the rate slowed to 0.6 percent in April compared with 1.3 percent in March, data from the Central Statistical Office showed.

“The increase in the annual rate of inflation was attributed to price movements in food,” the statistics agency said in a statement.