In the latest economic data released for Zambia, the Consumer Price Index (CPI) for the month of April 2024 has shown a slight uptick compared to the previous month. The CPI, which measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services, reached 13.8% in April, up from 13.7% in March 2024.
This increase in the CPI suggests that prices for goods and services in Zambia continued to rise year-over-year, potentially putting pressure on consumers' purchasing power and overall inflation levels. The data, updated on April 25, 2024, highlights the ongoing economic challenges faced by the country and the need for policymakers to address rising inflation to ensure economic stability and affordability for its citizens.
