Due to the rising food prices, the March 2012 Zambian inflation rate was pushed to 6.4 per cent. In fact, the March 2012 Inflation rate of 6.4 per cent was more than the 6.0 per cent reported in February 2012, which was the lowest in at least 10 years.
Central Statistical Office (CSO) director Mr John Kalumbi who announced the figures on March 29, 2012 attributed the rise in the inflation rate to increases in the prices of food and non-alcoholic beverages which on average increased by 1.5 per cent between February 2012 and March 2012.
Mr Kalumbi said the annual inflation rate increased for food and non-alcoholic beverages, alcoholic beverages and tobacco.
Rising prices were also recorded in housing, water and electricity, recreation and culture and miscellaneous goods and services.
The annual inflation rate for food was recorded at 6.3 per cent in Mach 2012 from 5.5 per cent in February 2012.
Food and non-alcoholic beverages accounted for 3.3 per cent while non-food products in the CPI accounted for a total of 3.1 per cent.
The retail price of a 25kg bag of white breakfast increased from K 42, 828 to K 44,388 while that of a 20 litre tin of maize grain increased from K 19,308 to K 19,467, between February 2012 and March 2012.
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