The December 2011 Zambian Inflation Rate Misses Target By 0.20 percent!
The December 2011 Zambian inflation closed at 7.2 percent. This was a reduction from 8.1 percent recorded in November 2011, but the country still failed to meet the projected year–end target of 7 percent.
The result was not surprising as monthly figures showed thus:
- January 2011 – 9 percent
- February 2011 – 9 percent
- March 2011 – 9.2 percent
- April 2011 – 8.8 percent
- May 2011 – 8.9 percent
- June 2011 – 9 percent
- July 2011 – 9 percent
- August 2011– 8.3 percent
- September 2011– 8.8 percent
- October 2011– 8.7 percent
- November 2011– 8.1 percent
- December 2011–7.2 percent
The reduction of the inflation rate from 8.1 percent in November 2011 to 7.2 percent in December 2011 was attributed to reductions in some food prices.
Composition of 7.2 Percent Inflation Rate
Of the total 7.2 percent recorded December 2011 annual inflation rate, food products accounted for 1.9 percentage points and non-food products in the Consumer Price Index (CPI) accounted for 5.3 percentage points.
Announcing the figures on 29th December 2011, Mr Kalumbi said between November 2011 and December 2011 the annual rate of inflation went down for food, beverages and tobacco, clothing and footwear, household fuel and lighting and furniture and household goods.
In the same period, the annual rate of inflation went up for medical care, transport and communication, recreation and education and other goods and services.
Zambian Trade Surplus
John Kalumbi, director of Central Statistics Offices also announced that Zambia recorded a trade surplus of K 315.9 billion in November 2011 as compared to K187.5 billion recorded in October 2011.
This represented a nominal increase from the October 2011 surplus of K 187.5 billion, which was the lowest, recorded in the year 2011.
Nevertheless, the surplus meant that Zambia exported more in November 2011 than it imported in the same month in nominal terms.
Indicated below are the monthly trade surpluses for Zambia, showing the lowest this year being recorded in October 2011:
- December 2010 – K 840.6 billion
- January 2011 – K 1,484.3 billion
- February 2011 – K 648.4 billion
- March 2011 – K 862.3 billion
- April 2011 – K 1,105.4 billion
- May 2011 – K 774.8 billion
- June 2011 – K 527.3 billion
- July 2011 – K 440.7 billion
- August 2011 – K 884.2 billion
- September 2011 – K 1,179.0 billion
- October 2011 – K 187.5 billion
- November 2011 – K 315.9 billion
Other Related Pages on The Zambia Inflation
Zambian Inflation Figures For 2011
Zambian Inflation Figures For 2010
Zambia Inflation Figures For 2009
Zambian Inflation Figures For 2008
December 2011 Zambian Inflation To Zambian Inflation
December 2011 Zambian Inflation To Zambia Advisor Home
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