June 2016 Zambian Inflation Reduces To 21.0 Percent

The June 2016 Zambian inflation rate reduced to 21.0 percent, according to the Zambian Statistical Office, Lusaka. The reduction in the annual rate of inflation for June 2016 was mainly attributed to the reduction in prices of food prices such as dried kapenta, mealie meal and meats. 


This had been the fourth month in the reduction in the Zambian annual inflation rate starting from March 2016 when it was recorded at 22.2 percent.

Composition of 21.0 % Annual Inflation Rate

June 2016 Zambian Inflation

Of the total Zambia annual inflation rate recorded in June 2016, Food and Non-alcoholic beverage products accounted for 13.0 percentage points whereas non-food products accounted for 8.0 percentage points.

The breakdown of 8.0 percentage points for non-food products was as follows:

  • Alcoholic beverages and tobacco – 0.30%
  • Clothing and foot wear-  1.7%
  • Housing, Water, Electricity Gas and other fuels – 0.9%
  • Furnishings, Household Equipment, Routine house maintenance  - 2.1%
  • Health -  0.1%
  • Transport – 1.1%
  • Communication – 0.1%
  • Recreation and Culture – 0.3%
  • Education – 0.5%
  • Restaurant and Hotel – 0.0%
  • Miscellaneous Goods and Services – 0.9%

Provincial Contribution To Annual Inflation Rate

Lusaka had the highest contribution at 6.3 percent. Other provinces recorded as follows:

  • Central – 1.8%
  • Copperbelt – 3.7%
  • Eastern – 2.4%
  • Luapula – 1.1%
  • Lusaka – 6.3%
  • Northern/Muchinga – 1.4% 
  • North – Western – 0.9%
  • Southern – 2.7%
  • Western – 0.7%

Average Prices For Some Selected Products

The following is a movement of prices of some selected products for the period between May 2016 to June 2016.

  • 25 kg bag of Breakfast Mealie meal – K 83.12 to K 82.15
  • 25 kg bag of Roller Mealie meal – K 66.86 to K 65.20
  • 20 Litre tin of Maize grain – K 35.84 to K 32.75

Zambian Trade Deficit In May 2016

In May 2016 the country recorded a trade deficit of K 65.2 million as compared to K 765.3 million recorded in April 2016. This means Zambia imported more in May 2016 than it exported in nominal terms.

Major Export Destinations by Commodity

The major export destinations in May 2016 were as follows:

  • Switzerland – Cathodes – 44.5%
  • China – Copper blisters – 21.6%
  • United Arab Emirates – Telephones for Cellular Networks- 7.6%
  • Congo DR – Vegetable Fats and Oils – 5.9%
  • India – Other Mineral Substances – 4.9%

These five countries collectively accounted for 84.5 percent of Zambia’s total export earnings in the month of May 2016.

Great Articles You Might Have Missed!


Check Availability of Accommodation And Rates Below


Booking.com

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

Recent Posts

  1. Chaminuka Lodge - Designed In The Style of A Zambian Village

    Chaminuka Lodge offers luxurious accommodation, spectacular views over Lake Chitoka where you can behold the most glorious sunsets of Africa.

    Read More

  2. Thorntree River Lodge

    Thorntree River Lodge offers excellent game viewing opportunities and adventure activities. The lodge is located inside the Mosi-Oa-Tunya National Park.

    Read More

  3. Kansanshi Hotel In Solwezi Town

    Kansanshi hotel in Solwezi town is situated in a great location, on 4.5 hectares area. The hotel opened on January 30, 2010, with a ceremony attended by local chiefs and government dignitaries.

    Read More

June 2016 Zambian Inflation > Zambian Inflation