Zambia and yet Another High Cost Story

"Why is Zambia so expensive? Observers have offered a number of explanations. The labour market is rigid—a 15% annual increase in wages is customary. Transport costs bump up the price of everything else—Zambia is a landlocked country with little domestic manufacturing. The cost of finance is high—banks charge up to 35% in interest (one study even reports loans with 100% interest rates). "

From The Economist Baobab Blog

Some Puzzling Numbers