November 2015 Zambian Inflation Reaches 19.5%

The November 2015 Zambian inflation rate went up again to reach 19.5 per cent from 14.3 per cent recorded in October 2015.

Mr Goodson Sinyenga, the Central Statistical Office acting director of census and statistics who announced the annual inflation rate on 26th November 2015 said the increase in annual inflation rate was caused by both food and non-food items.

November 2015 Zambian Inflation

The annual food inflation was recorded at 23.4 per cent in November 2015 from 16.2 per cent in October 2015, but the non-food inflation rate was 15.5 per cent from 12.4 per cent recorded in October 2015.

Provincial Contribution to Overall Inflation

Lusaka had the highest contribution to the overall annual inflation rate of 19.5 per cent recorded in November 2015. Copperbelt was the second at 3.8 percenatge points while Western province at 0.7 percentage points was the lowest.

Contribution of Different Items To Overall Inflation

Of the total 19.5 per cent annual inflation recorded in November 2015, the contribution was as follows:

  • Food and Non-alcoholic Beverages – 12.0%
  • Non-food Products – 7.5%

A breakdown by division of the annual inflation rate for the four highest categories was as follows:

  • Recreation and culture recorded - 25.3%
  • Furnishings, household equipment - 25%
  • Transport – 24.4%
  • Food & Non Alcoholic Beverages – 23.4%

Highest Zambia Trade Deficit and Highest Annual Zambia Inflation Rate

The country recorded the highest trade deficit this year of 2015 valued at K2, 583.8 million and the 19.5 per cent annual inflation rate for November 2015 was the highest to ever be recorded in Zambia’s history.

National Average Prices for Selected Products

Between October 2015 and November 2015 the average prices of some selected products was as follows:

  • 25 kg bag of breakfast mealie meal – from K 71.92 to K 79.63
  • 25 kg bag of roller mealie meal – from K 56.47 to K 63.06
  • 20 litre tin of Maize – from K 30.79 to K 34.84

Zambia’s Major Export Destinations

The major export destinations were as follows:

  • Switzerland – 47.7%
  • China – 9.4%
  • Singapore – 8%
  • South Africa – 7.7%
  • Congo DR – 7.0%

These five countries collectively accounted for 79.8% of Zambia’s export earnings in October 2015. 

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