Inflation drops to 19.3%

THE Annual inflation rate for the month of November has reduced to 19.3 percent from 21.1 percent recorded in October 2021. Speaking during a media briefing, Thursday, interim statistician general Mulenga Musepa said the slowdown in annual inflation was mainly attributed to favourable price movements in both food and non food items. “The annual inflation for November, 2021 decreased to 19.3 percent from 21.1 percent recorded in October 2021. This means that on average, prices of goods and services increased by 19.3 percent between November 2020 and November 2021. The slowdown in annual inflation was mainly attributed to favourable price movements in both food and non-food items,” he said. “Annual food inflation for November, 2021 was recorded at 25.4 percent…...