By BUSINESS REPORTER
THE decrease in the inflation rate for the month of November is a positive indicator as it guarantees price stability and predictability, the Consumer Unity Trust Society (CUTS) has said.
CUTS international chairperson Yusuf Dodia said in an interview in Lusaka yesterday that the organisation expected inflation to drop further.
He said a decrease in the inflation rate was good for both business and consumers.
Mr Dodia said the inflation pattern was similar to the exchange rate as it had a direct effect on the economy and the business environment.
“The drop in the inflation rate is welcome and we expect a further decrease. This is good for both business and consumers as it enables them to plan based on price stability and predictability,” he said.
Mr Dodia said the annual inflation rate for November which decreased to 7.8 percent compared to 8.3 percent recorded in October was significant. Central Statistical Office acting director of census and statistics Goodson Sinyenga announced the inflation decrease last week.