April 2016 Zambian Inflation Decreases To 21.8 Percent

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.



April 2016 Zambian Inflation

Annual Food Inflation Rate

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.

Annual Non-Food Inflation Rate

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.

Composition of The 21.8 % Overall Annual Inflation Rate

The Food and non-alcoholic beverage products were recorded at 13.7 percent whereas non-food products accounted for 8.1 percent.

Composition of 21.8 % Annual Inflation Rates by Province

Lusaka had the highest contribution at 6.1 percent. Other provinces recorded as follows:

  • Central – 1.9%
  • Copperbelt – 4.0%
  • Eastern – 2.5%
  • Luapula – 1.2%
  • Lusaka – 6.1%
  • Northern/Muchinga – 1.6% 
  • North – Western – 0.9%
  • Southern – 2.8%
  • Western – 0.8%

Average Prices For Some Selected Products

The following is a movement of prices in some selected products for the period between March 2016 to April 2016.

  • 25 kg bag of Breakfast Mealie meal – K 85.25 to K 87.04
  • 25 kg bag of Roller Mealie meal – K 67.75 to K 69.01
  • 20 Litre tin of Maize grain – K 46.55 to K 45.35
  • 50 kg bag of Cement – K 66.04 to K 65.54

March 2016 Trade Deficit

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.

Major Export Destinations by Commodity

The major export destinations in March 2016 were as follows:

  • Switzerland – Cathodes – 32.0%
  • China – Copper blisters – 18.9%
  • Tanzania – Auxiliary Plant – 8.1%
  • United Kingdom – Cathodes – 7.2%
  • United Arab Emirates – Telephones for cellular networks – 6.4%

These five countries collectively accounted for 72.6 percent of Zambia’s export earnings.

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April 2016 Zambian Inflation > Zambian Inflation