The November 2015 Zambian inflation rate went up again to reach 19.5 per cent from 14.3 per cent recorded in October 2015.
Mr Goodson Sinyenga, the Central Statistical Office acting director of census and statistics who announced the annual inflation rate on 26th November 2015 said the increase in annual inflation rate was caused by both food and non-food items.
The annual food inflation was recorded at 23.4 per cent in November 2015 from 16.2 per cent in October 2015, but the non-food inflation rate was 15.5 per cent from 12.4 per cent recorded in October 2015.
Lusaka had the highest contribution to the overall annual inflation rate of 19.5 per cent recorded in November 2015. Copperbelt was the second at 3.8 percenatge points while Western province at 0.7 percentage points was the lowest.
Of the total 19.5 per cent annual inflation recorded in November 2015, the contribution was as follows:
A breakdown by division of the annual inflation rate for the four highest categories was as follows:
The country recorded the highest trade deficit this year of 2015 valued at K2, 583.8 million and the 19.5 per cent annual inflation rate for November 2015 was the highest to ever be recorded in Zambia’s history.
Between October 2015 and November 2015 the average prices of some selected products was as follows:
The major export destinations were as follows:
These five countries collectively accounted for 79.8% of Zambia’s export earnings in October 2015.
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