The CSO announced that the May 2013 Zambian inflation rate rose to 7 per cent form 6.5 per cent in April 2013.
The annual non-food inflation rate also increased to 7.8 per cent in May 2013 from 6.9 per cent in April 2013. This means that the representation in food and non-food inflation was, 3.3 per cent and 3.7 percentage points respectively.
Goodson Sinyenga, acting director of the central statistical office (CSO) announced the inflation rate on 30th May 2013.
In the month of May 2013, the government of Zambia announced an increase of 21 per cent in fuel prices, amounting to almost KR10.00.
Woman Shopping In Lusaka For some selected products in terms of prices increases form April 2013 to May 2013, moved as follows:
“ North-Western Province had the highest annual rate of inflation at 8.3 per cent followed by Lusaka at 7.9 per cent while Western Province had the lowest annual rate of inflation at 5.2 percent.”In the month of May 2013 the government scrapped subsidies from mealie-meal and fuel pump prices which had kept prices stable. In fact market analysts and economists warned that annual inflation would quicken possibly beyond the seven per cent end-year-target because of this move.
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