February 2015 Zambian Inflation Goes Down To 7.4 Per cent
The February 2015 Zambian inflation rate reduced to 7.4 per cent from 7.7 per cent reported in January 2015.
Central Statistics Office (CSO) acting director for census and statistics Goodson Sinyenga announced the figures at a media briefing held in Lusaka on 25th February 2015.
The acting director said of the total 7.4 per cent annual inflation rate recorded in February 2015, food and non-alcoholic beverage products accounted for 3.9 percentage points while the non-food products accounted for 3.5 percentage points.
Annual Food And Non-Food Inflation Rates
The annual food inflation rate increased form 7.4 per cent recorded in January 2015 to 7.6 recorded in February 2015.
Whereas, the annual non-food inflation rate for February 2015 decreased to 7.3 per cent from 8.0 per cent recorded in January 2015.
According to Mr Sinyenga, the movements in annual inflation rates for CPI main groups were as follows:
The annual rate of inflation increased for Food and Non Alcoholic beverages; Clothing and footwear; Furnishing Household Equipment; Routine House Maintenance; Health; Communication; Recreation and culture; Restaurant and hotel; and Miscellaneous Goods and Services.
The annual rate of inflation decreased for Alcoholic beverages and Tobacco; Housing, Water, Electricity, Gas and other fuels; Transport; and Education.
Average Prices For Selected Products
A comparison of a sample of retail prices between January 2015 to February 2015 was as follows:
- 25 kg bag of breakfast Mealie meal – from K 70.69 to K 71.00
- 25 kg bag of roller Mealie meal –- from K 52.91 to K 54.62
- 1 litre of petrol – from K9.92 to K7.63
- 1 litre of diesel – from K9.24 to K6.68
Zambia Trade Deficit
In the month of January 2015, Zambia recorded a trade deficit valued at K113.7 million compared to a trade deficit of K72.7 million recorded in December 2014.
This means that the country imported more in January 2015 than it exported in
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