April 2010 Inflation Drops To Single Digits Again!

The April 2010 inflation rate dropped to 9.2 percent.

The Central Statistical Office (CSO) deputy director William Makaya who released the April 2010 Zambian inflation figures on 29th April 2010 in Lusaka, attributed the reduction in the annual inflation to continued reductions in the prices of food.

Of the total 9.2 percent in April 2010, food products accounted for 3.6 percentage points while non-food products in the consumer price index accounted for a total of 5.6 percentage points.

Prices for some selected products

A comparison of prices between March 2010 and April 2010 showed that the national average price of 25 kg bag of white roller mealie meal declined by 0.5 percent, from K 49,194 to K 48,940, while the average price of a 20 liter tin of maize grain declined by 14.1 percent from K 27,792 to K 23,871.

The national average price of a 1 kg of tomatoes declined by 6.6 percent, from K4,293 to K 4,011, while the average price of 1 kg of dried kapenta (Mpulungu) increased by 5.4 percent from K 56,324 to K 59,356.

Food Inflation

In the month of April 2010, annual food inflation rate was recorded at 7.3 percent. This was a decline from 9.3 recorded in March 2010.

Non-food Inflation

The non-food inflation rate was recoded at 11.2 percent. This represented an increase from the March 2010 figure of 11.0 percent, since the annual rates for fuel and lightening and other goods and services increased.

In the same period the annual inflation rates for furniture, house hold goods, recreation and education increased, whereas the rates for clothing and footwear, medical care and transport and communication remained unchanged.

March 2010 Zambian Trade surplus

For ten consecutive months from June 2009 to March 2010 the Zambian government had been recording trade surpluses. In the month of March 2010 a trade surplus valued at K 752.9 billion was recorded as against K 391 billion recorded in February 2010.

Zambia’s Major Exports in March 2010

The following were the major exports which accounted for 88.1 percent of Zambia’s export earnings:
  • Ores, slag and ash accounting for 82.9 percent of total export earnings.

  • Other base metals, Cements and Articles thereof accounting for 2.1 percent of total export earnings.

  • Inorganic chemicals; compounds of precious metal and elements, etc accounting for 1.6 percent of total export earnings.

  • Natural/cultured pearls, precious stones and metals, etc accounting for 1.5 percent of total export earnings.

Zambia’s export destinations

In the month of March 2010 the following countries were the top 5 for Zambia’s export destinations:

Switzerland – 53.2 percent
South Africa – 18.8 percent
China – 10.7 percent
Democratic Republic of Congo – 5.0 percent
United Kingdom – 2.1 percent.

These countries accounted for 89.8 percent of Zambia’s total export earnings.


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