The December 2014 Zambian Inflation Rate At 7.9 per cent, Misses Target!
The December 2014 Zambian inflation rate closed at 7.9 per cent, missing the target by 0.90 per cent.
The inflation target of 7.0 per cent for 2014 was announced by Minister of finance Mr Alexander B Chikwanda on Friday 11th October 2013 during his 2014 Zambian Budget Speech.
The annual rate of inflation as measured by all items consumer price index (CPI) from January 2014 to December 2014 was as follows:
January 2014 - 7.3 per cent
February 2014 - 7.6 per cent
March 2014 - 7.7 per cent
April 2014 - 7.8 per cent
May 2014 - 7.8 per cent
June 2014 - 7.9 per cent
July 2014 - 8.0 per cent
August 2014 - 8.0 per cent
September 2014 - 7.8 per cent
October 2014 - 7.9 per cent
November 2014 - 8.1 per cent
December 2014 - 7.9 per cent
Zambian Woman - Bargaining!
Between December 2013 and December 2014, the annual rate of inflation increased for Food and non-alcoholic beverages; Health; Recreation and culture;
and Restaurant and hotel.
However it decreased for alcoholic beverages and tobacco; Housing, Water, Electricity, Gas and other fuels; Furnishing Household Equipment, Routine House Maintenance; Transport; Communication; Education; and Miscellaneous Goods and Services.
Contribution To The overall Inflation Rate
Food and non-alcoholic beverage products accounted for 4.0 percentage points, whereas non-food products accounted for 3.9 percentage points.
Food and Non- food Inflation Rates
The annual food inflation rate for December 2014 was recorded at 7.5 per cent. In November 2014 it was recorded at 7.3 per cent.
The annual non-food inflation rate for December 2014 and November 2014 was 8.4 per cent and 8.9 per cent respectively.
Provincial Contribution To The overall Inflation
The following were provincial contribution to the overall inflation of 7.9 per cent;
- Lusaka Province - 2.5 percentage points
- Copperbelt Province - 1.4 percentage points
- North Western Province - 0.3 percentage points
Average Prices For Selected Products
A comparison of retail prices between November 2014 and December 2014 was as follows:
- 25 kg bag of breakfast Mealie meal - from K 70.13 to K 70.37
- 25 kg bag of roller Mealie meal - from K 49.41 to K 51.38
- 20 litre tin of maize grain - from K 26.38 to K 29.24
November 2014 Zambian Trade Surplus
The country recorded a trade surplus valued at K 53.9 million in November 2014 as compared to K 68.3 million in October 2014.
The highest trade surplus was recorded in January 2014 at K 295.4 million whereas the lowest was recorded in June 2014 at K 19.0 million.
Exports by Major Product Categories
The major exports in November 2014 were as follows:
- Intermediate goods (copper cathodes and refine copper), accounting for 80.4 per cent.
- Consumer goods, Capital goods and raw materials, accounting for 19.6 per cent.
This means that between November and October 2014, the country has been a net exporter of Intermediate goods, mainly Metals and their articles, which on average accounted for 82.2 per cent of total exports.
Other Related Pages To The December 2014 Zambian Inflation Rate
Zambian Inflation Figures For 2013
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
December 2014 Zambian Inflation To Zambian Inflation
December 2014 Zambian Inflation To Zambia Advisor Home
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