June 2011 Zambian Inflation Recorded at 9 percent

The annual June 2011 Zambian inflation slightly increased to 9 percent from 8.9 percent recorded in May 2011 as a result of increases in some food prices.

From May 2011 to June 2011, increases in the annual inflation were recorded for food, beverages and tobacco; Furniture and household goods; and other goods and services.

Between the same period, annual inflation rates reduced for Clothing and footwear; Household fuel and lighting; Medical care; Transport and communication; and Recreation and education.

Product Contributors to the overall Annual Inflation of 9 percent

Food products accounted for 2.5 percentage points, while non-food products in the Consumer Price index (CPI) accounted for 6.5 percent points.

Annual Food and Non-food Inflation rate

The annual food inflation increased from 4.2 percent in May 2011 to 5.3 percent in June 2011, whereas the non-food inflation decreased from 13.3 percent in May 2011 to 12.3 percent in June 2011.

National Average Prices of Selected Products

Retail prices from May 2011 to June 2011 moved as follows:
  1. 25 kg bag of white breakfast mealie meal – from K 49,661 to K 48,522
  2. 25 kg bag of white roller mealie meal – from K 35,391 to K 34, 054
  3. 20 liter tin of maize grain – from K 18,464 to K 16, 680
  4. 1 kg tomatoes – from K 3,272 to K 4,273
  5. 1 kg onions – from K 6,565 to K 6, 992
  6. 1 kg imported rice – from K 25,613 to K 29,487
  7. 750 mls imported cooking oil – from K 10, 802 to K 11, 298
  8. 1 kg cassava meal – from K 3, 839 to K 4,007

Zambia Trade Surplus

A trade surplus of K 774.8 billion was recorded in May 2011 as opposed to K 1,105.4 billion recorded in April 2011. This meant that the country exported more in 2011 than imported, in nominal terms.

The country has had monthly trade surpluses. The highest was recorded in February 2011 at K 1,484.3 billion and the lowest in March 2011 at K 648.4 billion.

The major exports in May 2011 were from the intermediate goods category (mainly comprising copper cathodes and sections of refined copper and copper blister). This accounted for 86.8 percent of total exports. Others were consumer goods, raw materials and capital goods categories, accounting for 13.3 percent of the total exports.

Export destinations

The major export destinations in May 2011 were:
  1. Switzerland – 56.3 percent
  2. China – 14.6 percent
  3. South Africa – 9.9 percent
  4. Democratic Republic of Congo – 4.3 percent
  5. United Kingdom – 3.1 percent
The above countries collectively accounted for 88.2 percent of Zambia’s export earnings in May 2011.

Other Related Pages on The Zambia Inflation

Zambian Inflation Figures For 2010

Zambia Inflation Figures For 2009

Zambian Inflation Figures For 2008


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