In Zambia, the Consumer Price Index (CPI) rose to 13.5% in February 2024, reflecting a year-over-year comparison. This increase marks a slight uptick from the previous indicator of 13.2% in January 2024. The CPI measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services, offering insights into inflation trends within the economy.
The latest data update on 29th February 2024 indicates the ongoing impact of economic factors on consumer prices in Zambia. The year-over-year comparison highlights the persistent inflationary pressures facing the country. As global economic conditions continue to fluctuate, monitoring CPI fluctuations remains crucial for policymakers and businesses to make informed decisions and strategies moving forward.
