Zambia's inflation inches up to 7.1 pct y/y in December

LUSAKA Thu Dec 26, 2013 3:34am EST

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LUSAKA Dec 26 (Reuters) - Zambia's inflation edged up to 7.1 percent year-on-year in December from 7 percent in November, driven by rises in food prices, official data showed on Thursday.

On a month-on-month basis, inflation quickened to 0.9 percent in December from 0.3 percent in November.

Zambia recorded a trade deficit of 327 million kwacha ($59.29 million) in November, from a trade surplus of 43 million kwacha recorded in October, Central Statistical Office director John Kalumbi said.

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