Zambia’s inflation rate closes year at 16.4 p.c
Published On December 31, 2021 » 648 Views» By Times Reporter » Business, Columns
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By MAIMBOLWA MULIKELELA –
ZAMBIA’s annual inflation rate has closed the year at 16.4 per cent, missing the projected target range of between six and eight per cent as indicated in the 2021 National Budget.
The annual rate for December, 2021 decreased to 16.4 per cent from the 19.3 per cent recorded the previous month.
At the beginning of the year, inflation stood at 21.5 per cent compared to 12.5 per cent recorded in 2020.

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