Up Goes The May 2013 Zambian Inflation To 7 Per cent!
The CSO announced that the May 2013 Zambian inflation rate rose to 7 per cent form 6.5 per cent in April 2013.
The annual non-food inflation rate also increased to 7.8 per cent in May 2013 from 6.9 per cent in April 2013. This means that the representation in food and non-food inflation was, 3.3 per cent and 3.7 percentage points respectively.
Goodson Sinyenga, acting director of the central statistical office (CSO) announced the inflation rate on 30th May 2013.
In the month of May 2013, the government of Zambia announced an increase of 21 per cent in fuel prices, amounting to almost KR10.00.
Woman Shopping In Lusaka
For some selected products in terms of prices increases form April 2013 to May 2013, moved as follows:
- 25 kilogramme bag of breakfast mealie-meal – from KR 58.16 to KR 58.17
- 25 kilogramme bag of roller mealie meal – from KR44.29 to KR 44.89
- 1 kilogramme of mixed cut beef &ndash: from KR 17.6 to KR 18.10
- 20 litre tin of maize grain &ndash: from KR 27.02 to KR 25.15
- 1 litre of petrol &ndash: from KR 8.17 to KR 9.88
- 1 litre of diesel &ndash: from KR 7.60 to KR 9.20
And on the increase of inflation, provincial wise, Mr. Sinyenga said:
“ North-Western Province had the highest annual rate of inflation at 8.3 per cent followed by Lusaka at 7.9 per cent while Western Province had the lowest annual rate of inflation at 5.2 percent.”
In the month of May 2013 the government scrapped subsidies from mealie-meal and fuel pump prices which had kept prices stable. In fact market analysts and economists warned that annual inflation would quicken possibly beyond the seven per cent end-year-target because of this move.
Food And Non-Food Inflation Rate
The annual food inflation rate increased from 6.1 per cent in April 2013 to 6.3 per cent in May 2013, whereas the non-food inflation rate increased from 6.9 per cent in April 2013 to 7.8 per cent in May 2013.
Zambian Trade Surplus
The CSO also announced that the country recorded a trade surplus valued at KR 329 million in April 2013 from KR 307.2 million recorded in March 2013. In fact, the country had been recording trade surpluses from January 2013 to April 2013. The highest was recorded in April 2013 at KR 329.5, whereas the lowest was recorded in February 2013 at KR 133.2 million.
Meanwhile, Zambia’s trade balance stood at over KR 661 million in the first quarter of the year 2013.
Other Related Pages To The May 2013 Zambian Inflation
Zambian Inflation Figures For 2013
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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