}

The August 2011 Zambian Inflation Reduces to 8.3 Percent

The August 2011 Zambian inflation rate reduced to 8.3 percent from 9 percent recorded in July 2011

This reduction in the Zambia’s annual inflation rate was as a result of reductions in food and non-food prices.

The Zambia’s annual inflation rate was announced by the Central statistical Office on 25th August 2011. According to the report, the figures were as follows: Between July 2011 and August 2011, annual inflation rates reduced for food, beverages and tobacco, clothing and footwear. On the other hand, the annual rates of inflation increased for transport and communication, recreation and education.

Central Statistical Office deputy director (CSO) Mr. William Makaya said of the total 8.3 percent annual inflation rate in August 2011, food products accounted for 2.5 percent, while non-food products in the consumer price index accounted for 5.8 percent. Mr. Makaya also announced that the annual food inflation rate reduced from 5.9 percent in July 2011 to 5.4 percent in August 2011.

Comparison of Retail Prices

A Comparison of some selected retails prices between July 2011 and August 2011 was as follows:
  1. 25 kg bag of white breakfast mealie meal – from K47, 987 to K47, 855
  2. 25 kg bag of white roller mealie meal – from K 33,536 to K 33,604
  3. 20 liter tin of maize grain – from K 16,978 to K 17,678
  4. 1 kg tomatoes – from K 4,492 to K 4,114
  5. 1 kg dried Kapenta – from K 55,179 to K 52,132

Trade Surplus of K 440.7 billion

For the second month running, Zambia’s trade surplus had continued to decline. In the month of July 2011, a trade surplus of K 440.7 billion was recorded against K 527.3 billion recorded in June 2011, resulting in a reduction of 19.7 percent from June 2011. The July 2011 trade surplus was the lowest in the year 2011.

Other Related Pages on The Zambia Inflation

Zambian Inflation Figures For 2010

Zambia Inflation Figures For 2009

Zambian Inflation Figures For 2008



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