April 2012 Zambian Inflation Recorded At 6.5 Per cent
The Central Statistical Office announced that the April 2012 Zambian inflation rate rose to 6.5 per cent as a result of increase in prices of non–food products.
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The annual rate of inflation derived from the revised all items Consumer Price Index (CPI) was recorded at
6.5 per cent in April 2012 from 6.4 per cent in March 2012. This means that on average prices increased by 6.5 per cent between
March 2012 and April 2012. On average, prices increased by 0.7 per cent between March 2012 and April 2012.
– Mr. John Kalumbi, Director of Central Statistical Office."
Between March 2012 and April 2012, the annual rate of inflation increased for housing, water and electricity; Furniture and
household equipment; Education; Restaurant and hotels; and miscellaneous goods and services.
However, the annual rate of inflation decreased for alcoholic beverages and tobacco; Clothing and footwear; Health; Transport and Recreation and culture, but the rate remained unchanged for food and non– alcoholic beverages and communication.
Contribution of Different Items To April 2012 Zambian Inflation
Food items accounted for 3.3 percentage points while non&ndashfood items accounted for 3.2 percentage points.
Food And Non– Food Inflation Rates
The annual food inflation rate remained unchanged from March 2012 to April 2012 at 6.4 percent. However, the annual non–food inflation rate increased from 6.4 percent in March 2012 to 6.5 percent in April 2012.
Average Prices of Selected Products
National average prices of selected products from March 2012 to April 2012 moved as follows:
- 25kg bag of white breakfast mealie meal – K 44,388 to K 42,413
- 20 litre tin of maize grain – K 19,487 to K 18,618
- 1 kg of sweet potatoes – K 2,016 to K 1,743
- 1 kg dried kapenta (Mpulungu) – K 63,333 to K 71,534
- 1 kg of Onions – K 6,388 to K 7,115
The country recorded a trade surplus valued at K 79.6 billion in March 2012 compared with K 47.4 billion recorded in February 2012. From January 2011 to April 2012, the country had been recoding trade surpluses, the highest and lowest were recorded in January 2011 at K 1,484.5 billion and February 2012 at K 47.4 billion.
Exports By Major Product Categories In March 2012 And February 2012
The major exports in March 2012 were from intermediate goods category mainly comprising of copper cathodes and sections of refined copper which accounted for 84.5 per cent.
Other exports were from consumer goods of raw materials and capital goods which accounted for 15.5 per cent. This means that for February 2012 and March 2012 the country was a net exporter of intermediate goods mainly metals and their articles of which accounted for 80.0 per cent of the total exports for two months.
Major Export Destinations in March 2012
The following were Zambia's major export destinations:
- Swizerland – accounting for 36.7 percent
- China – accounting for 18.1 percent
- South Africa – accounting for 9.6 percent
- Congo DR – accounting for 6.2 percent
- United Kingdom – accounting for 6.0 percent
The above five countries collectively accounted for 76.6 percent of Zambia's total export earnings in March 2012.
Other Related Pages on The Zambia Inflation
Zambian Inflation Figures For 2012
Zambian Inflation Figures For 2011
Zambian Inflation Figures For 2010
Zambia Inflation Figures For 2009
Zambian Inflation Figures For 2008
April 2012 Zambian Inflation To Zambian Inflation
April 2012 Zambian Inflation To Zambia Advisor Home
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