The June 2016 Zambian inflation rate reduced to 21.0 percent, according to the Zambian Statistical Office, Lusaka. The reduction in the annual rate of inflation for June 2016 was mainly attributed to the reduction in prices of food prices such as dried kapenta, mealie meal and meats.
This had been the fourth month in the reduction in the Zambian annual inflation rate starting from March 2016 when it was recorded at 22.2 percent.
Of the total Zambia annual inflation rate recorded in June 2016, Food and Non-alcoholic beverage products accounted for 13.0 percentage points whereas non-food products accounted for 8.0 percentage points.
The breakdown of 8.0 percentage points for non-food products was as follows:
Lusaka had the highest contribution at 6.3 percent. Other provinces recorded as follows:
The following is a movement of prices of some selected products for the period between May 2016 to June 2016.
In May 2016 the country recorded a trade deficit of K 65.2 million as compared to K 765.3 million recorded in April 2016. This means Zambia imported more in May 2016 than it exported in nominal terms.
The major export destinations in May 2016 were as follows:
These five countries collectively accounted for 84.5 percent of Zambia’s total export earnings in the month of May 2016.
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June 2016 Zambian Inflation > Zambian Inflation