Zambia

The annual inflation rate in Zambia slightly decreased to a four-month low of 9.8% in June, down from 9.9% the previous month. The slight slowdown was primarily due to an appreciation of the kwacha. Both food and non-food price growth experienced changes, with food prices slowing down and non-food price growth accelerating slightly. On a MoM basis, consumer prices rose by 0.8% in June.