The January 2015 Zambian Inflation Rate Reduces To 7.7 %
According to the report released by the Zambia Central Statistical Office (CSO), the January 2015 Zambian inflation rate decreased from 7.9% in December 2014 to 7.7% in January 2015
From January 2014 to January 2015 the annual inflation rate increased for Clothing and footwear; Furnishings, Household Equipment, Routine House Maintenance; and miscellaneous Goods and Services.
However, in the same period the annual rate of inflation decreased for Food and Non Alcoholic beverages; Alcoholic beverages and Tobacco; Housing, Water, Electricity, Gas and other fuels; Health; Transport; Communication; Education; and Recreation and culture.
- Food and Non-alcoholic beverage products – 3.8 %
- Non-Food Products – 3.9 %
Annual Food Inflation Rate
- December 2014 at 7.5% and January 2015 at 7.4%
Annual Non-Food Inflation Rate
- December 2014 at 8.4% and January 2015 at 8.0%
Provincial Inflation Rates
The inflation rates for the provinces were as follows:
- Central – 0.7 %
- Copperbelt – 1.3 %
- Eastern – 0.8 %
- Luapula – 0.4 %
- Lusaka – 2.5 %
- Northern/Muchinga – 0.5 %
- North-Western – 0.3 %
- Southern – 0.9 %
- Western – 0.3 %
- Total – 7.7 %
Average Prices For Selected Products
A comparison of retail prices between December 2014 and January 2015was as follows:
- 25 kg bag of breakfast Mealie meal – from K 70.37 to K 70.69
- 25 kg bag of roller Mealie meal –- from K 51.38 to K 52.91
- 20 litre tin of maize grain – from K 29.24 to K 30.28
- Fillet Steak – from K 40.02 to K 39.86
- Rump Steak – from K 37.27 to K 36.73
- T-bone – from K 36.71 to K 36.46
December 2014 Zambia Trade Deficit
Zambia recorded a trade deficit in December 2014 valued at K 81.9 million compared to a trade surplus in November 2014 which was recorded at K 68.3 million.
In December 2014 Zambia imported more than it exported in nominal terms.
However, the highest trade surplus in the year was recorded in January 2014 valued at K 295.4 million.
Major Export Destinations by Commodity
- Switzerland – 53.5 %
- China –- from 15.2%
- Congo DR – 7.2%
- Singapore – 6.9%
- South Africa – 4.3%
The above countries collectively accounted for 87.1 percent of Zambia’s
total export earnings in December 2014.
January 2015 Zambian Inflation To Zambian Inflation
January 2015 Zambian Inflation To Zambia Advisor Home
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