The February 2013 Zambian Inflation –Down To 6.9 Percent!
The February 2013 Zambian inflation rate reduced marginally by 0.1 percentage points from 7 percent recorded in January 2013 down to 6.9 percent. At a press briefing, the CSO (Central Statistical Office) acting director of census and statistics Mr. Goodson Sinyenga attributed the decrease to a reduction in some food prices.
Average Prices Of Selected Goods
The average price of a 25 kilogramme bag of breakfast mealie-meal decreased from KR57.56 to KR54.41 and the average price of the same bag of roller meal decreased by 4.2 percent from KR45.09 down to KR43.20.
On the other hand, the average price of a 20 litre tin of maize (grain) increased to KR25.81 from KR24.39.
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Contribution of Different Items To Overall February 2013 Zambian Inflation
Food products accounted for 3.5 percent of the total 6.9 percent February 2013 inflation rate and non-food products accounted for 3.4 percent.
Zambian Trade Surplus
The country recorded a trade surplus of KR192.8 million in January 2013 from 135.9 million in December 2012. This was a continuation of trade surpluses recorded since January 2012. The highest value recorded was KR473.2 million in August 2012 and the lowest recorded was KR47.4 million in February 2012.
Copper cathodes and refined copper were the major exports, seconded by consumer goods. This situation was a reflection of more exports against less imports.
Major Export Destinations
The following were the country's major export destinations accounting for 88.1 percent of the total export earnings.
United Arab Emirates
Democratic Republic Of Congo
The largest export markets were the Asian and SADC (Southern Africa Development Community) regions. The Asian region accounted for 35.7 percent, while the SADC region accounted for 19.4 percent. COMESA (Common Market for Eastern and Southern Africa) and the European Union were the third and fourth largest export markets respectively.
On the other hand, Zambia's major import markets were the Republic of South Africa, the Democratic Republic of Congo, China, United Kingdom (UK) and Japan. On the regional level, SADC, COMESA and Asia were the largest import markets.
Other Related Pages To The February 2013 Zambia Inflation
Zambian Inflation Figures For 2013
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
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