April 2016 Zambian inflation rate went down to 21.8 percent from 22.2 percent recorded in March 2016. This was mainly attributed to the reduction in prices of non-food items such as motor vehicles.
The annual food inflation rate for April 2016 was recorded at 26.5 percent from 26.2 percent recorded in March 2016. This was partially caused by price increases in rice chicken, tomatoes and sugar.
The annual non-food inflation rate for April 2016 was recorded at 16.7 percent compared to 17.9 percent recorded in March 2016. This decrease was mainly attributed to a reduction of prices in motor vehicles.
The Food and non-alcoholic beverage products were recorded at 13.7 percent whereas non-food products accounted for 8.1 percent.
Lusaka had the highest contribution at 6.1 percent. Other provinces recorded as follows:
The following is a movement of prices in some selected products for the period between March 2016 to April 2016.
The country recorded a trade deficit of K 800.9 million in March 2016 compared with a trade deficit of K 679.8 million recorded in February 2016. This means Zambia imported more in March 2016 than it exported in nominal terms.
The major export destinations in March 2016 were as follows:
These five countries collectively accounted for 72.6 percent of Zambia’s export earnings.
Great Articles You Might Have Missed!
Sandys Lodge “five star” accommodation in Lusaka is for everything you need, from leisure to business!
Lake Kariba Inns is ideally located on the shores of the lake Kariba, one of the biggest man-made lakes in the world and by volume it is the largest man-made lake in Africa.
Floriana Executive Lodge offers five star services in Solwezi, next to The Royal Solwezi Hotel.
April 2016 Zambian Inflation > Zambian Inflation