Macroeconomic Forecast Zambia

August 2008 | Macroeconomic Forecasts

Inflation in Zambia reached 12.6% y-o-y in July, up from 12.1% in June amid warning from the government that further price rises can be expected in the months ahead. Our own view is that falling commodity prices will offer relief by the end of 2008, hence our end-08 9.5% inflation forecast. Going forward, we expect inflation to continue falling, with our 2009 inflation forecast at 7.5%.

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