Kitwe & District Chamber of Commerce and Industry

INFLATION:

The year- on- year (Annual) inflation rate as measured by the all items Consumer Price Index (CPI) for August 2020 decreased to 15.5 percent from 15.8 percent recorded in July 2020. This means that on average, prices of goods and services increased by 15.5 percent between August 2019 and August 2020. The slowdown in the annual rate of inflation was attributed to price decreases in food items.

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