Bloomberg News

Zambia Inflation Rate Declines to 8.1% in November on Fuel

November 24, 2011

(Updates with trade surplus in third paragraph.)

Nov. 24 (Bloomberg) -- Zambia’s inflation rate fell to 8.1 percent in November as fuel costs declined, said John Kalumbi, an official from the Central Statistics Office.

Inflation slowed from 8.7 percent a month earlier, Kalumbi told reporters today in Lusaka, the capital.

Kalumbi also said that the country, Africa’s biggest copper producer, recorded a trade surplus of 187.5 billion kwacha ($37 million) in October, the lowest monthly figure this year.

--Editors: Ben Holland, Andrew J. Barden.

To contact the reporter on this story: Obert Simwanza in Lusaka via Johannesburg at To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net.


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