May 2012 Zambian Inflation Rate Increased To 6.6 Per cent

The annual May 2012 Zambian inflation rate was recorded at 6.6 per cent. The inflation rate increased from 6.5 per cent as a result of increases in food prices.

Inflation Rates movements for The CPI (Consumer Price Index) Main Groups

Woman Shopping At Embassy In Lusaka Woman Shopping At Embassy In Lusaka

From April 2012 to May 2012 the annual inflation rates increased for food and non–alcoholic beverages; Alcoholic beverages and tobacco; Education; and Miscellaneous goods and services.

The inflation rate decreased for clothing and footwear; Housing, water, electricity, gas and other fuels; Furniture, household equipment and routine house maintenance; Health; Transport; Communication; Recreation and culture; and Restaurant hotels.

Contribution Of Food Products And Non–Food Products To Overall Inflation

Food items accounted For 3.5 percentage points while non–food items accounted for 3.1 percentage points.

Annual Food And Non–food Inflation

There were movements in annual food and non–food inflation from April 2012 to May 2012 as follows:
  • Annual food inflation rate – from 6.4 percent to 6.8 percent
  • Non–food inflation rate – from 6.5 percent to 6.3 percent

National Average Prices Of Selected Products

Retail national average prices between April and May 2012 moved as follows:
  • 1 kg of dried kapenta(Chisense) – from K 49,890 to K 58,816
  • 1 kg of dressed chicken – from K 17,466 to K 18,286
  • 1 kg of cabbage – from K 1,994 to K 2,149
  • 25 kg bag of roller mealie meal – from K 32,733 to K 31,268
  • 20 litre tin of maize grain – from K 18,618 to K 17,866

Zambian Trade Surplus

Zambia recorded a trade surplus of K 129.6 billion in April 2012, compared with a trade surplus of K 79.6 billion recorded in March 2012.

In fact the country has been having trade surpluses since January 2012. The lowest was recorded in February 2012 at K 47.4 billion while the highest was at K 348.8 billion in January 2012.

Exports By Major Product Categories

The major exports in April 2012 were from the intermediate goods category – copper cathodes and sections of refined copper, accounting for about 82.3 percent. Others were from consumer goods, Raw materials and capital goods, which collectively accounted for 17.7 percent.

Major Exports Destinations of Zambian Goods

The major export destinations in April 2012 were as follows:
  • Switzerland – 38.2 percent
  • China – 17.9 percent
  • South Afica – 9.9 percent
  • Congo DR – 8.7 percent
  • Zimbabwe – 4.3 percent
The above five countries accounted for 79 percent of Zambia's export earnings.

Imports By Major Product Categories In April 2012

The major import items by category were as follows:
  • Capital goods – 42.8 percent
  • Intermediate goods – 26.1 percent
  • Consumer goods – 20.5 percent
  • Raw materials – 10.5 percent

Other Related Pages To The May 2012 Zambian Inflation

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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