Latest news with #SheilaMudenda
Bloomberg
31-07-2025
- Business
- Bloomberg
Zambia Inflation Slows to 2023 Low, Sets Stage for Rate Cut
Zambia's annual inflation cooled to its lowest level since November 2023 as currency appreciation helped curb the cost of imports, strengthening the case for the central bank to cut interest rates. Consumer prices rose 13% in July compared with 14.1% a month earlier, Acting Statistician-General Sheila Mudenda told reporters Thursday in Lusaka, the capital.
Bloomberg
26-06-2025
- Business
- Bloomberg
Kwacha Rally Drives Zambia Inflation to 14-Month Low
Zambia's annual inflation eased to a 14-month low in June after a rally in its currency helped curb the cost of imports. Consumer prices rose 14.1% compared with 15.3% in May, Acting Statistician-General Sheila Mudenda told reporters Thursday in Lusaka, the capital.
Bloomberg
22-05-2025
- Business
- Bloomberg
Zambia's Record Corn Crop Signals Inflation Is Set to Cool
Zambia's corn harvest will more than double from a 16-year-low last year to a record high, the government said, which could help quell rampant consumer price growth and increase the chance of rate cuts. Farmers produced an estimated 3.66 million tons of the staple crop, from 1.5 million tons a year earlier, Acting Statistician-General Sheila Mudenda told reporters Thursday in Lusaka, the capital. The harvest follows improved rains as the southern African nation recovers from the effects of last year's El Niño-induced drought, the worst in more than a century. Food prices soared, leading to costly imports.
