ZambianEconomy

Zambia Faces Soaring Inflation: December Sees Highest Rate in Three Years

5 months ago

In a concerning economic development, Zambia's inflation rate surged to a remarkable three-year high in December, raising alarm among policymakers and the general populace. The annual inflation rate has escalated to approximately 25.2%, a stark increase from the previous month's rate of 24.6%. This rapid increase in inflation indicates a troubling trend that could have significant implications for the nation’s economy and the affordability of essentials for its citizens.

Zambia Faces Economic Turbulence as Inflation Soars Amidst Rising Power Tariffs

6 months ago

Zambia's economic landscape is experiencing significant upheaval as the nation confronts a sharp rise in inflation, largely attributed to the recent increase in electricity tariffs. This decision, announced by the Energy Regulation Board, has jolted prices across the board, resulting in an inflation rate that has surged well beyond estimates.