2011 Zambian Inflation Target Set At 7 Percent. Actual Was 7.2 Percent

According to the 2011 Zambian Budget speech of 2011, the 2011 Zambian inflation target was set at 7 percent.

Budget Verses Actual

Though the country projected the inflation target of 7 percent, the actual was 7.2 percent.

The country saw the inflation rate stand at 7 percent in From January 2011 to March 2011 mainly as are result of pumping in of K 1.3 trillion paid to farmers and the increasing of the price of fuel by more than 11percent.

Towards the end of the year the inflation started going down mainly again due to the reduction in price of fuel by the new president, Michael Sata.

Here were the monthly figures during the year:

2011 Monthly Inflation Rates

December 2011

Zambia inflation rate closes at 7.2 percent in December 2011!

November 2011

The November 2011 Zambia inflation rate reduces to 8.1 percent.

October 2011

The Zambia inflation rate for the month of October 2011 reduced to 8.7 percent.

September 2011

Zambia's annual inflation for the month of September 2011spiraled up to 8.8 percent.

August 2011

August 2011 Zambia inflation falls to 8.3 percent.

July 2011

The July 2011 Zambia inflation rate unchanged, at 9 percent.

June 2011

The annual June 2011 Zambia inflation slightly increased to 9 percent from 8.9 percent recorded in May 2011 as a result of increases in some food prices.

May 2011

May 2011 Zambia inflation edges to 8.9 percent.

April 2011

The April 2011 Zambian inflation rate reduced to 8.8 percent as a result of a 20 percent reduction in the price of maize.

March 2011

The March 2011 Zambia inflation climbed to 9.2 percent, but still maintained a single digit rate.

February 2011

The February 2011 inflation rate was recorded at 9 percent, just as in January 2011!

January 2011

The January 2011 inflation rate hits 9 percent!

Other Related Pages on The Zambia Inflation

Zambian Inflation Figures For 2010

Zambia Inflation Figures For 2009

Zambian Inflation Figures For 2008


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