Economist welcomes single digit inflation

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An Economist has charged that the drop in inflation to a single digit does not essentially mean that the cost of living will go down.

Speaking to PRIME TV NEWS in an interview Shabdin Mweemba says the 7.5 percent inflation is an indication of how prices of the commodities are increasing.

He says this does not necessarily mean that the prices have reduced.
He however mentioned that it is a good inicator for the economy.

He says before investors invest in a country they look at some parameters which include the country’s GDP, inflations rate and other parameters.

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