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LUSAKA (Reuters) – Zambian inflation jumped to 14.2 percent year-on-year in September from 13.2 percent the previous month, largely due to higher food and fuel costs, official data showed on Friday.

“Of the total 14.2 percent annual inflation for September, food products accounted for 7.8 percentage points while non-food products in the consumer price index accounted for 6.4 percentage points,” the Central Statistical Office (CSO) said in a statement.

It said higher fuel costs led to increases in prices for transport, air fares and household energy.

The September rise takes inflation further away from the government’s target of 7 percent by the end of 2008.

Zambia, which has vast copper reserves, had agreed to try to keep inflation within single digits and maintain a stable exchange rate in return for increased funding from the International Monetary Fund (IMF).

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