Zambia’s June 2015 Zambian inflation rate increased from 5.90 per cent recorded in May 2015 to 7.1 per cent in June 2015.
On 25 June 2015, Mr John Kalumbi the Director of Census and Statistics said the increase was due to increases in non-food items such as diesel, kerosene and petrol and house rentals.
The annual rate of inflation for food and non-alcoholic beverages was 3.7% and that for non-food products was 3.4%, thereby in total amounting to June 2015 Zambian inflation rate of 7.1 per cent.
From June 2014 to June 2015, the annual rate of inflation increased for clothing and footwear, housing, water, electricity, transport, recreation and culture. However, the annual rate reduced for food and non-alcoholic beverages; furnishing, household equipment. Routine household maintenance; health; Communication; restaurant and hotel and miscellaneous goods and services.
Increases in the annual rate of inflation in June 2015 were recorded in Central, Copperbelt, Lusaka, Northern, Muchinga and North Western provinces, whereas Eastern, Luapula, Southern and Western provinces recorded decreases in the annual rate of inflation.
The highest rate was recorded in North-western province at 9.4% and the lowest in Western province, at 5.5%.
The provincial contribution to the overall Inflation was as follows:
Total - 7.1 %
A comparison of retail prices between May, 2015 and June 2015 were as follows:
The country recorded an increment of the trade deficit from K 717.7 million in April 2015 to K 1,193.3 million in May 2015.
The trade deficit for May 2015 was so far highest in 2015. The lowest was recorded in January 2015, which was valued at K 66.2 million.
The major export destinations by commodity were as follows:
These five countries accounted for 81.9 per cent of Zambia’s total export earnings in the month of May 2015.
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