July 2011 Zambian Inflation Rate Unchanged at 9 percent

The July 2011 Zambian inflation rate was recorded at 9 percent, the same as that recorded in June 2011.

Of the total 9 percent inflation in July 2011, food products accounted for 2.8 percentage points while non-food products accounted for 6.2 percentage points.

In July 2011, the annual food inflation was recorded at 5.9 percent, increasing from 5.3 percent recorded in June 2011.

At the same time, the annual non-food inflation rate was recorded at 11.8 percent, decreasing by 0.5 percent from 12.3 percent recorded in June 2011.

Releasing the CSO monthly bulletin on 28th July 2011, in Lusaka, acting director Mr. Kalumbi said annual inflation rates increased for food, beverage and tobacco, furniture and household’s goods and recreation and education.

While the annual inflation rates reduced for clothing and footwear, household fuel and lighting, transport and communication and other goods and services.

National Average Prices of Selected Products

Comparison of retails prices between June 2011 and July 2011 was as follows:
  1. 25 kg bag of white breakfast mealie meal – from K48, 522 to K 47,987
  2. 25 kg bag of white roller mealie meal – from K 34,054 to K 33,536
  3. 20 liter tin of maize grain – from K 16,680 to K 16,973
  4. 1 kg tomatoes – from K 4,273 to K 4,492
  5. Rape (vegetables) – from K 2,510 to K 2,870
  6. Dried Kapenta (Mpulungu) – from K 52,064 to K 55,179
  7. 1 kg of dried fish (bream) – from K 35,316 to K 39,527

Trade Surplus of K 527.3 billion

Zambia recorded a trade surplus of K 527.3 billion in June 2011. The country has had monthly trade surplus since January 2011. The highest was recorded in January 2011 at K 1,484.3 billion and the lowest in June 2011 at K 527.3 billion.

Export destinations for Zambia’s products

Zambia’s major export destination in June 2011 was Switzerland, which accounted for 52.4 percent, followed by China, South Africa, Democratic Republic of Congo and Zimbabwe.

Together, these countries accounted for 85.7 percent of Zambia’s total export earnings in June 2011.

Other Related Pages on The Zambia Inflation

Zambian Inflation Figures For 2010

Zambia Inflation Figures For 2009

Zambian Inflation Figures For 2008

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