fuel hike fails to affect zambian annual inflation
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Fuel hike fails to affect Zambian annual inflation

Arab Today, arab today

Arab Today, arab today Fuel hike fails to affect Zambian annual inflation

Rise in fuel prices
Lusaka - XINHUA

An upward adjustment in Zambia's pump price of petroleum products last month has failed to have a dent in the country's annual rate of inflation, the country's statistics agency said on Thursday.
The Energy Regulation Board (ERB), the country's energy regulator, adjusted the pump price of petroleum products last month by between 7.22 percent and 9.54 percent, a move that many commentators condemned, saying it will have a negative bearing on many economic indicators including the annual inflation rate.
But according to figures released by the Central Statistical Office (CSO), the country did not record an increase in its annual rate of inflation as the rate remained unchanged from last month at 7.8 percent.
John Kalumbi, head of the statistics agency told journalists during a monthly press briefing that an analysis has shown that impact of the increase in petroleum prices on the inflation rate has been insignificant.
He said the increase in petroleum products only had a 0.1 percentage points effect on the inflation rate.
"Basically the increase (in petroleum products) had an insignificant effect on the overall inflation rate and this could be because the increase in the price of petroleum products was minimal," he added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fuel hike fails to affect zambian annual inflation fuel hike fails to affect zambian annual inflation

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fuel hike fails to affect zambian annual inflation fuel hike fails to affect zambian annual inflation

 



GMT 13:38 2018 Thursday ,13 December

Maduro says meeting with Putin most useful in his career

GMT 02:04 2017 Sunday ,22 October

June22nd-July23rd

GMT 17:35 2017 Tuesday ,18 April

Saudi air force helicopter crashes, killing 12

GMT 22:10 2017 Monday ,07 August

26 killed in Punjab rainstorm

GMT 07:45 2017 Saturday ,19 August

Sudanese and Ethiopian Ministers discuss cooperation

GMT 20:11 2017 Friday ,20 January

Russia, Syria ink agreement to expand Tartus port

GMT 10:04 2017 Friday ,06 October

Rowida Atteiya bets on success of her new song

GMT 08:42 2017 Thursday ,27 April

HM King hails Spanish ties

GMT 09:05 2018 Sunday ,21 January

'Outskirts' Dawn' outstanding achievement

GMT 21:53 2015 Thursday ,03 September

Israel recovers ancient sarcophagus hidden by contractors

GMT 11:18 2018 Monday ,01 January

Maiduguri suicide attacks condemned

GMT 02:29 2016 Wednesday ,16 November

Iraqi Forces advance in Mosul offensive against Daesh
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday