August 2009 Zambian Inflation increases to 14.3 percent from 14.0 percent in July 2009

What was the main contributor to the rise in the August 2009 Zambian inflation figure? Electricity tariffs.

According to the measurement by the all items Consumer Price Index (CPI), the annual inflation rate increased by 0.3 of a percentage point from 14.0 percent in July 2009 to 14.3 percent in August 2009.

In the period of August 2008 to August 2009, the annual inflation rate increased for clothing and foot wear; rent; fuel and lighting; medical care and recreation and education.

For the same period, the August 2009 Zambian inflation rate reduced for furniture and household goods; transport and communication; food, beverages and tobacco and other goods and services.

Contribution to the overall inflation

Of the total 14.3 percent August 2009 Zambian inflation, food products accounted for 7.2 percentage points, while non-food products accounted for 7.1 percentage points.

Annual food inflation

The annual food inflation decreased from 14.9 percent in July 2009 to 14.6 percent in August 2009.

This was as result of decreases in the cost of mealie meal; cereal and cereal products; oils and fats; fresh vegetables and dried beans.

However, increases were recorded in sweet potatoes and irish potatoes; eggs; coffee; meat; dried kapenta; milk and milk products; table salt; tea and other processed food products.

Non-food inflation

In the month of August 2009 the non-food inflation was recorded at 13.9 percent. This was an increament from 13.1 percent recorded in the month of July 2009.

Prices for some selected products

In the months of July 2009 to August 2009, the average price of a 25 kg bag of white breakfast meal reduced by 1.1 percent, from K 63,201 to K62, 521 and a 25 kg bag of white roller meal reduced by 2.3 percent, from K 44,413 to K 43,408.

The national average price of 1 kg of tomatoes reduced by 8.1 percent, from K 4,588 to K 4,217.

In the same period, the average price of a 20 liter tin of maize grain increased by 4.0 percent, from K 20,886 to K 21,712. The price of 1kg of dried kapenta (Siavonga) increased by 7.8 percent, from K 45,072 to K 48,609. The national average price of 1kg of mixed cut (beef) increased by 2.8 percent, from K 17,175 to K 17,648.

July 2009 trade surplus

Just like in June 2009, in the month of July 2009, Zambia recorded a trade surplus valued at K441.9 billion. This means that the country exported more in July 2009 than it imported in value terms.

Major export destinations

Which countries were in the top 5 for Zambia’s export destinations in July 2009? The following :

Switzerland – 49 percent
China – 10 percent
South Africa – 7.6 percent
Democratic Republic of Congo – 6 percent
Egypt – 3.8 percent.

Major Export products in July 2009

The five major exports which accounted for 87.2 percent of Zambia’s export earnings were as follows:

  • Copper and articles thereof accounting for 67.1 percent of total export earnings.
  • Ores, slag and ash accounting for 10.4 percent of total export earnings.
  • Sugar and sugar confectionery accounting for 4.5 percent of total export earnings.
  • Tobacco and manufactured tobacco substitutes accounting for 3.3 percent of total export earnings.
  • Other metals; cements; articles thereof accounting for 1.9 percent of total export earnings.

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