Zambia Experiences First Decline in Inflation in Nearly Two Years

Zambia has reported a notable easing in inflation rates, marking the first decline in almost two years. This shift comes as a relief for the nation, which has been grappling with high prices and significant economic challenges. According to data released by the Zambia Statistics Agency, the annual inflation rate fell to 9.5% in March, down from 10.1% in February. This marks the first decline in the inflation rate since June 2021, signaling a potential turning point for the economy.

Continue reading