CSPR hails govt for maintaining a single digit inflation rate

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The Civil Society for Poverty Reduction (CSPR) has commended the government for ending 2018 on a single digit inflation rate.

Recently Central Statistical Office (CSO) Acting Director Goodson Sinyenga disclosed that Zambia’s annual rate of inflation for the month of December 2018 increased to 7.9 percent.

CSPR Executive Director, Patrick Nshindano says the single inflation rate digit is important for economic growth because it brings about predictability in planning as opposed to volatility in inflation rate.

However Mr. Nshindano is worried that despite ending the previous year on a single digit inflation rate, Zambians are still faced with challenges of persistent increase in prices of goods on the market.

He says there is urgent need to ponder how prices can be reduced for the benefits of ordinary Zambians.

Further Mr. Nshindano notes with regrets that some people in the country especially those in rural parts are not managing to have decent meals.

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