August 2012 Zambian Inflation Rate Shoots To 6.4 Per cent
On 30th August 2012, Mr. John Kalumbi announced the August 2012 Zambian inflation rate.
At the monthly briefing in Lusaka, Mr kalumbi said the country recorded a marginal increase from 6.2 per cent in July 2012 to 6.4 per cent in August 2012.
Central Statistical office (CSO) director of census and statistics John Kalumbi attributed that rise in inflation rates to increases in food prices.
Mr. John Kalumbi said…
Between July 2012 and August 2012, the annual rate of inflation increased for food and non–alcoholic beverages; furnishings, house hold equipment and routine house maintenance, health, education, and miscellaneous goods and services, while the annual rate of inflation decreased for alcoholic beverages and tobacco; clothing and footwear; housing, water, electricity, gas and culture; and restaurant and hotel.
Woman Shopping In Lusaka
Annual Food And Non– Food Inflation Inflation Rates
The annual food inflation rate was recorded at 7.3 percent in August 2012 and 6.3 per cent in July 2012. Whereas the annual non–food inflation rate was recorded at 5.5 per cent in August 2012 from 6.0 per cent in July 2012.
There was a 1.0 percentage point increase in annual food inflation while that of non&ndas;food items decreased by 0.5 percentage points over the previous months.
Food products accounted for 3.8 percentage points, while non–food products accounted for 2.6 percentage points, making up the total annual inflation rate of 6.4 per cent.
A comparison of retail prices from July 2012 to August 2012 showed the following:
- A 25 kilogrammes bag of breakfast mealie meal increased from K 42,074 to K 43,119.
- A 25 kilogrammes bag of roller mealie meal increased from K 31,464 to K 32,121.
- A kilogramme of dried Kapenta (Mpulungu) increased from K 72,346 to K 78,288.
- A kilogramme of dried Kapenta (Siavonga) increased from K 71,535 to K 76,775.
Inflation Rates By Province
In the order size the inflation rates by province were as follows:
- Copperbelt Province – 1.7 per cent
- Eastern Province – 1.0 per cent
- Northen Province – 0.1 per cent
- Muchinga Province – 0.1 per cent
Mr Kalumbi reported that a trade surplus of K 163 billion was recorded in July 2012. This was the highest since January 2012.
Other Related Pages To The Augsut 2012 Zambia Inflation
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
August 2012 Zambian Inflation To Zambian Inflation
August 2012 Zambian Inflation To Zambia Advisor Home
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