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New data Inflation Rate YoY (Oct)

10/31/2024

actual 15.7, previous 15.6

The event is the "Inflation Rate YoY (Year-over-Year) for October" in Zambia. The actual inflation rate reported is 15.7%, which is slightly lower than the previous rate of 15.6%. The market expectation, or estimate, was 15.8%, so the actual figure came in slightly below expectations.

This economic indicator measures the percentage change in the price of goods and services compared to the same period in the previous year. Inflation is an important economic indicator as it reflects the purchasing power of a country's currency.

In this case, with a low impact level, the slight decrease in the inflation rate may have a limited immediate impact on the Zambian economy or its currency, the Zambian Kwacha (ZMW). However, it is still important for policymakers and investors to monitor inflation trends as they can have broader implications for the economy.

This is not investment advice. Remember to verify the information provided here.

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