March 2015 Zambian Inflation Drops To 7.2% }

March 2015 Zambian Inflation Drops To 7.2 %

The February 2015 Zambian inflation rate reduced to 7.4 per cent from 7.7 per cent reported in January 2015.

The March 2015 Zambian inflation rate went down to 7.2 per cent from 7.4 per cent recorded in February 2015.

March 2015 Zambian Inflation
Announcing the figures on 26th March 2015, Central Statistical Office (CSO) Director of Census and Statistics, John Kalumbi stated that of the total 7.2 per cent annual inflation rate recorded in March 2015, food and non-alcoholic beverages products amounted to 3.7 per cent whereas non-food products were recorded at 3.5 per cent.

A comparison of a sample of retail prices between February 2015 to March 2015 was as follows:
  • 25 kg bag of breakfast Mealie meal – from K 71.00 to K 70.61
  • 25 kg bag of roller Mealie meal –- from K 54.62 to K 53.93
  • 1 kg of rape – from K 4.44 to K 4.23
  • 1 kg of tomatoes – from K 6.32 to K 5.63
Meanwhile, Mr. Kalumbi said there was a Zambia Trade deficit. In the month of February 2015, Zambia recorded a trade deficit valued at K 107.3 million. This means that the country imported more in February 2015 than it did in exports in nominal terms.

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