January 2015 Zambian Inflation Rate Stands At 7.7% }

The January 2015 Zambian Inflation Rate Reduces To 7.7 %

According to the report released by the Zambia Central Statistical Office (CSO), the January 2015 Zambian inflation rate decreased from 7.9% in December 2014 to 7.7% in January 2015

From January 2014 to January 2015 the annual inflation rate increased for Clothing and footwear; Furnishings, Household Equipment, Routine House Maintenance; and miscellaneous Goods and Services.

However, in the same period the annual rate of inflation decreased for Food and Non Alcoholic beverages; Alcoholic beverages and Tobacco; Housing, Water, Electricity, Gas and other fuels; Health; Transport; Communication; Education; and Recreation and culture.

Zambia InflationZambian Market

Overall Inflation

  • Food and Non-alcoholic beverage products – 3.8 %
  • Non-Food Products – 3.9 %

Annual Food Inflation Rate

  • December 2014 at 7.5% and January 2015 at 7.4%

Annual Non-Food Inflation Rate

  • December 2014 at 8.4% and January 2015 at 8.0%

Provincial Inflation Rates

The inflation rates for the provinces were as follows:
  • Central – 0.7 %
  • Copperbelt – 1.3 %
  • Eastern – 0.8 %
  • Luapula – 0.4 %
  • Lusaka – 2.5 %
  • Northern/Muchinga – 0.5 %
  • North-Western – 0.3 %
  • Southern – 0.9 %
  • Western – 0.3 %

  • Total – 7.7 %

Average Prices For Selected Products

A comparison of retail prices between December 2014 and January 2015was as follows:
  • 25 kg bag of breakfast Mealie meal – from K 70.37 to K 70.69
  • 25 kg bag of roller Mealie meal –- from K 51.38 to K 52.91
  • 20 litre tin of maize grain – from K 29.24 to K 30.28
  • Fillet Steak – from K 40.02 to K 39.86
  • Rump Steak – from K 37.27 to K 36.73
  • T-bone – from K 36.71 to K 36.46

December 2014 Zambia Trade Deficit

Zambia recorded a trade deficit in December 2014 valued at K 81.9 million compared to a trade surplus in November 2014 which was recorded at K 68.3 million.

In December 2014 Zambia imported more than it exported in nominal terms.

However, the highest trade surplus in the year was recorded in January 2014 valued at K 295.4 million.

Major Export Destinations by Commodity

  • Switzerland – 53.5 %
  • China –- from 15.2%
  • Congo DR – 7.2%
  • Singapore – 6.9%
  • South Africa – 4.3%
The above countries collectively accounted for 87.1 percent of Zambia’s total export earnings in December 2014.



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