The April 2013 Zambian Inflation Still Goes Down Again To 6.5 Percent
The April 2013 Zambian inflation rate dropped down to 6.5 percent from 6.6 percent recorded in March 2013. The CSO (Central Statistical Office) attributed the recent trend to decreases in prices of some non-food items.
There was a reduction in the annual rate of inflation by 0.1 percentage points, from 6.6 percent in March 2013 to 6.5 percent in April as measured by the all items Consumer Price Index (CPI).
The CSO director, Mr. John Kalumbi, attributed the development mainly due to decreases in prices of some non-food items.
Mr Kalumbi said of the total 6.5 percent annual inflation rate recorded in April 2013, food products accounted for 3.2 percentage points while non-food products accounted for a total of 3.3 percentage points.
The CSO director, Mr. John Kalumbi told journalists that that the annual food rate increased by 0.1 percentage point from 6.0 percent in March 2013 to 6.1 percent in April 2013, whereas the non-food inflation rate decreased by 0.3 percentage points from 7.2 percent in March 2013 to 6.9 percent in April 2013.
The annual inflation rate decreased for clothing, footwear, furnishings, health, communication, education and culture, and miscellaneous goods and services.
On the other hand, there was an increase in the annual rate of inflation for food and non-alcoholic beverages, housing, water, electricity, fuels, transport, restaurant and hotel.
Average Prices Of Selected Goods
A comparison of retail prices between March and April 2013 showed an increase in the national average price of a 25 kilogram bag of breakfast mealie meal by 4.1 percent from KR55.77 to KR58.16.
The national average price of the same quantity of roller mealie meal also increased by 4.0 percent from KR42.53 to KR44.29.
The average price of a 20 litre tin of maize (grain) decreased by 0.3 percent from KR 27.10 to KR27.02. In the same vein, the national average price of 1kg of dried kapenta decreased by 9.5 percent from KR84.09 to KR76.82 and that of a 1 kg head of cabbage increased by 5.1 percent from KR2.14 to KR2.25.
The April 2013 inflation rate for non-food products decreased from 7.2 percent recorded in March 2013 to 6.9 percent in April. This was a reduction of 0.3 percentage points.
The CSO director Mr. John Kalumbi also revealed that Zambia recorded a trade surplus of KR307.2 million in March 2013 from KR133.2 million recorded in February 2013. This meant that Zambia exported more in March than it imported.
Other Related Pages To The April 2013 Zambian Inflation
Zambian Inflation Figures For 2013
Zambian Inflation Figures For 2012
Zambian Inflation Figures For 2011
Zambian Inflation Figures For 2010
Zambia Inflation Figures For 2009
Zambian Inflation Figures For 2008
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