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.

“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.

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)