October 2012 Zambian Inflation – 6.8 Percent
The Central statistical office (CSO) revealed that the October 2012 Zambian inflation increased from 6.6 percent reported in September 2012 to 6.8 percent in October 2012.
Woman Shopping At Embassy In Lusaka
Central Statistical director, John Kalumbi on 25th October 2012 said the reported increase to 6.8 percent year– on– year inflation rate was mainly due to increases in food prices and non–alcoholic beverages.
Between September 2012 and October 2012, the anaual rate of inflation increased for food prices and non–alcoholic beverages,housing, water, electricity. The annual rate of inflation decreased for alcoholic beverages and tobacco, clothing and footwear, – Mr. Kalumbi said
Comprising the 6.8 percent annual inflation rate in October, were food products at 4.2 percent and non–food products at 2.6 percent. In fact the annual food inflation was recorded at 8.2 percent in October 2012 compared to 7.5 percent recorded in September 2012.
Inflation rates in some provinces were as follows:
- Copperbelt Province – 1.8 percent
- Lusaka Province – 1.3 perecent
- Western Province – 0.10 percent
Average National Prices of Some Products
Mr Kalumbi further said there were movements in average national prices for certain product prices as follows:
- 25 kilogramme bag breakfast mealie meal &ndash: From K 48, 528 to K 48,606
- 25 kg bag of roller mealie-meal – From K 34, 177 to K 35, 038
- Tomato – From K 3,426 to K 3, 549
- A bundle of rape (vegetable) – From K 2,658 to K 2,399
- 20 litre tin of maize grain – From K 18, 115 to K19, 182
The country recorded a trade surplus of K 451.9 billion in September 2012 as opposed to a surplus of K 568.5 billion recorded in August 2012.
Since January 2012 the country had been recording trade surpluses. The highest was recorded in August 2012 at K 568.5 billion, followed by K 451.9 billion in September 2012 and the lowest was recorded in February 2012 at K 47.4 billion.
As to the export destinations, Mr Kalumbi said, the following countries; Switzerland, China, Democratic republic of Congo, South Africa and United Arab Emirates accounted for 41.6 percent, 33.2 percent, 6.1 percent, 5.6 percent and 3.4 percent of the countrys exports respectively.
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