Zambia April inflation edges up to 7.8 percent year-on-year


(Reuters) – Zambia’s consumer inflation quickened to 7.8 percent year-on-year in April from 7.7 percent in March, the Central Statistical Office (CSO) said on Thursday.

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“This marginal increase in inflation is mainly attributed to upward movements in the price of non-food items,” the statistics agency said in a statement.

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On a month-on-month basis, consumer prices rose by 0.7 percent after a 1.3 percent increase in March.

The southern African country, a major copper producer on the continent, recorded a higher trade surplus of 84 million Zambian kwacha ($13.5 million) in March from 55 million kwacha in February, the CSO added. ($1 = 6.2400 Zambian Kwachas) (Reporting by Chris Mfula; Writing by Stella Mapenzauswa)

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