November 2014 Zambian Inflation Rate Goes Up to 8.1%
The November 2014 Zambian inflation rate increased to 8.1 per cent from 7.9 per cent recorded in October 2014.
With only one month to go before the year finishes, will the inflation target rate for 2014 of 7 per cent be met?
Zambian Woman - Bargaining!
Central Statistical Office (CSO) director of census and statistics John Kalumbi who announced the inflations figures on 27th November 2014, said the rise in the inflation rate was caused by a rise in both food and non-food products such as fish and vegetable products.
According to Mr Kalumbi, of the total 8.1 per cent, food and non-alcoholic beverages accounted for 3.8 percentage points while non-food products accounted for 4.3 percentage points.
The annual food inflation rate increased from 7.1 percentage points in October 2014 to 7.3 percentage points in November 2014.
The contributions by province to the overall inflation rate of 8.1 per cent were as follows:
- Lusaka – 2.6 percentage points
- Copperbelt Province – 1.5 percentage points
- North Western Province – 0.3 percentage points
Comparisons of October 2014 And November 2014 Retail Prices
- 25 kg bag of breakfast Mealie meal - from K 70.93 to K 70.13
- 25 kg bag of roller Mealie meal - from K 50.01 to K 49.41
Zambia Trade Surplus
There was a decline in trade surplus from K99.1 million recorded in September 2014 to K67 million in October 2014. This means that the country exported more in October 2014 than it imported.
The countries major export destination in October 2014 was Switzerland followed by China.
The major export product in October 2014 were from the intermediate goods category comprising copper cathodes and sections of refined copper which accounted for 83.8 per cent.
Other exports were from the consumer goods, capital goods and raw materials, which collectively accounted for 16.2 per cent of the total exports in October.
Mr Kalumbi said the highest trade surplus valued at K295.4 million was recorded in January 2014 whereas the lowest was in June 2014, valued at 19 million.
Other Related Pages To The 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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