Zambia's annual inflation rate drops to eight percent

Zambia's annual inflation rate dropped to eight percent last month, 0.7 percentage point lower than that in July, the Central Statistical Office of Zambia announced on Friday.

The rate declined by 11.3 percentage points from 19.3 percent in August 2005.

The food basket last month costed 653,594 kwacha (about 168 U.S. dollars) for a family of six. The same family on average is expected to live on 1,062,425 kwacha (about 272 dollars) for all their food and basic needs, according to the office.

Source: Xinhua