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:
- 25 kg bag of white breakfast mealie meal from K 49,661 to K 48,522
- 25 kg bag of white roller mealie meal from K 35,391 to K 34, 054
- 20 liter tin of maize grain from K 18,464 to K 16, 680
- 1 kg tomatoes from K 3,272 to K 4,273
- 1 kg onions from K 6,565 to K 6, 992
- 1 kg imported rice from K 25,613 to K 29,487
- 750 mls imported cooking oil from K 10, 802 to K 11, 298
- 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
at K 1,484.3 billion and the lowest in
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.
The major export destinations in May 2011 were:
- Switzerland 56.3 percent
- China 14.6 percent
- South Africa 9.9 percent
- Democratic Republic of Congo 4.3 percent
- United Kingdom 3.1 percent
The above countries collectively accounted for 88.2 percent of Zambias 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
June 2011 Zambian Inflation to Zambian Inflation
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