The January 2013 Zambian Inflation Declines To 7.0 Percent
The January 2013 Zambian inflation rate declined by 0.3 percentage points from 7.3 percentage points recorded in December 2012 to 7.0 per cent in January 2013 whereas in the same period, the annual non-food inflation rate increased form 6.1 per cent to 6.3 per cent.
Mr Kalumbi who announced the inflation figures for January 2013 on 31 January 2013 said that the decrease was attributed to a reduction in food products.
A comparison of the December 2012 and the January 2013 annual food inflation rates showed a decrease of 0.8 per cent from 8.4 per cent recorded in December 2012 to 7.6 per cent recorded in January 2013.
Mr Kalumbi announced the provincial inflation rates as follows:
- Lusaka province – 1.9 per cent
- Copperbelt province – 1.7 per cent
- North-Western province – 0.1 per cent
However, Mr Kalumbi pointed out that the annual inflation rate for alcoholic beverages, tobacco, footwear and clothing, transport, education, hotel and various goods and services increased.
Contribution of Different Items To January 2013 Zambian Inflation
Director of the Central Statistical Office (CSO), Mr John Kalumbi alluded to the fact that of the overall inflation rate, 4.0 per cent was due to food products while 3.0 per cent was for non-food products.
Average Prices Of Selected Items
A look at the national average prices of selected products during the period under review shows the following:
- There was a reduction of 1.7 per cent in the national average price of 2 litres of cooking oil from KR35.46 toKR34.86
- The price of a 25kg bag of white breakfast mealie meal increased by 1.6 per cent from KR56.67 to KR57.56
- A 25kg bag of roller meal increased by 5.0 per cent from KR42.96 to KR45.09
- The average price of a 20 litre tin of maize grain increased by 9.0 per cent from KR22.38 to KR24.39
The CSO director also disclosed that there was a trade surplus of KR135.9 million recorded in the month of December 2012 up from KR112.8 million recorded in November 2012.The country had been recording trade surpluses since January 2012.
The Major export destinations for the country were Switzerland, China, South Africa, Congo DR and Malawi.
Metal and related products contributed an average of 65.8 per cent to the total export earnings in the months of November 2012 and December 2012. This was against 34.2 per cent for the non-traditional earnings recorded in the same period.
However, there was a decrease in the total value of metal exports from KR2, 842.4 million recorded in November 2012 down to KR2, 653.6 recorded in December 2012.
Other Related Pages To The January 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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