afrol News, 29 August - The death of president Levy Mwanawasa in a Paris hospital two weeks ago has nothing to do with Zambia's latest increase in inflation rate, said acting director of the Central Statistical Order.

Zambia's inflation rate for the month of July has increased from 12 to 13%, Elfridah Chulu said.

Most of the economists have expressed feared that the death of the Zambian leader would obviously have negative on the country's economic indicators.

Chulu blamed the rising cost of living was responsible for the spiralling inflation rate.

She also agreed that cost of transportation, airfares, housing and other factors all surged last month's rate of inflation in July.

By staff writer

© afrol News

Related pages and feature

Current afrol News Top Stories