Zambia

Zambia’s inflation eased to 12.6% in August from 13% in July, the lowest in almost two years, helped by currency strength reducing import costs. Food inflation fell to 14.9% from 15.3% and non-food inflation to 9.3% from 9.7%. The central bank, which held rates steady at 14.5% in August, signaled cuts may be considered in November if disinflation persists.