REDUCED COMMODITY PRICES LIKELY TO LOWER TOWARDS END OF THIS YEAR

By Tinkerbel Mwila

The Zambia Association of Manufacturers –ZAM- has observed that the rate at which prices of commodities are increasing has slowed down.

ZAM president Ashu Sagar has attributed this to interventions put in place by government such as reduced inflation rate among other measures.

Mr. Sagar tells Phoenix News that with such measures in place and a guarantee that inflation keeps coming down, the country will

be able to see stability in commodity prices towards the end of this year.

He explains that as long as the rest of the economy remains stable, the inflation rate may trickle down to single digits which will help to further stabilize prices.

He states that this will further be made possible following the stability in the exchange rate and interest rate which govern the inflation.

PHOENIX NEWS

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