September 2010 Zambia Inflation stands at 7.7 percent

The September 2010 Zambia inflation, as measured by the consumer price index (CPI) declined from 8.2 percent in August to 7.7 percent in September 2010.

While the inflation rates reduced for several consumer price indexes’ main group, it increased however for transport and communication; recreation and education.

Composition of food and non-food inflation

The non-food products accounted for 1.4 percentage points compared with 6.3 percentage points for non food products, out of the total 7.7 percent annual inflation in September 2010. A decrease in the annual food inflation rate was recorded in September 2010 from 2.9 percent in August 2010 to 2.8 in September 2010. Non-food inflation rate also recorded a decrease from 13.4 percent in august 2010 to 12.5 percent in September 2010.

Prices of selected products

The average price of 25Kg bag or white breakfast meal continued to decline. It went down by 2.2 percent from K57, 690 to K56, 431. That of roller also followed suit declining by 0.2 percent from K35, 137 to K35, 068.The average price of a 20 liter tin of maize grain went down by 2.8 percent from K19,031 to K18,498.

September 2010 Trade surplus

Zambian economy has continued to register trade surpluses since June 2009. The country recorded a trade surplus of K865.7 billion in August 2010.The country exported more in August 2010 than it imported in value terms.

Traditional and non-traditional exports

Traditional exports, mainly metals, recorded an increase of about 13.2 percent between August and July 2010. The metal products overall contribution to the total exports earning was 80.9 and 78.2 percent in August and July respectively compared to 19.1 and 21.8 percent recorded for the non-traditional exports (NTE) for the same months under review.

Major export destinations for September 2010

The following countries collectively accounted for 89.6% of Zambian exports earnings;
  • Switzerland – accounting for 55.1 percent
  • China – accounting or 20.5 percent
  • South Africa – accounting for 7.0 percent
  • Democratic Republic of Congo – accounting for 5.3 percent
  • Malawi – accounting for 1.7 percent

September 2010 Zambia Inflation to Zambian Inflation

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