The January 2009 Zambian Inflation rate dropped to 16 percent, from 16.6 percent recorded in December 2008.
Efreda Chulu, who is the Central Statistical Office (CSO) director, said the decline in the annual inflation rate was due to reductions in the cost of mealie meal, petroleum products and bus fares.
Releasing the figures of the January 2009 Zambia inflation on 2nd February 2009 in Lusaka, Ms. Chulu said that prices for food, beverages, transport, other goods and services had gone up from December 2008 to January 2009, but declined for rent and household energy, medical care and education.
In the month of January 2009 , food products accounted for 10.3 percentage points while non-food products in the consumer price index (CPI) accounted for 5.7 percentage points.
The annual food inflation increased to 21.3 percent in January 2009, up from 20.5 percent in December 2008.
Ms. Chulu said, contributing mostly to the food inflation were the increases in the cost of cereals and other cereal products, meat, vegetables, dried beans, shelled groundnuts, Irish potatoes, cooking oil, tea, coffee and other processed products. She further said that partially offsetting these increases were the reductions in the cost of mealie meal.
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