September 2014 Zambian Inflation – Down To 7.8 Per cent!
The Central Statistics Office stated that the September 2014 Zambian inflation rate had dropped to 7.8 per cent from 8.00 per cent recorded in August 2014, as a result of reductions in food and non-alcoholic drinks
Central Statistical Office Director, John Kalumbi told journalists on 25th September 2014 that the lower inflation in the month of September 2014 was as a result of decreases in prices of food, non-alcoholic beverages, housing, water, electricity, gas and other fuels.
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The downward movement of prices, according to the director, was also caused in part by the appreciating exchange rate.
Projections For The December 2014 Year End Inflation
The Ministry of Finance has projected that the inflation rate would be seven per cent by December 2014, whereas the Bank of Zambia forecast is projected to be more than this as a result of higher fuel, power and food prices.
Zambia Trade Surplus For August 2014 Recorded At K 98.4 Million
The recorded trade surplus reduced to K 98.4 million from K 113.00 million in July 2014. The highest surplus was recorded in January 2014 at K 295.3 million, while the lowest was recorded in April 2014 at K 29.5 million.
Of the total 7.8 per cent annual inflation rate recorded in September 2014, food and non-alcoholic beverage products accounted for 3.6 percentage points, while non-food products accounted for a total of 4.2 percentage points.
September 2014 Zambian Inflation: Food And Non-Food
The annual food inflation reduced to 6.9 per cent in September 2014 from 7.00 per cent in August 2014.
Also the annual non-food inflation decreased to 8.8 per cent in September 2014 from 9.1 per cent in August 2014.
Provincial Inflation Rate
Mr Kalumbi also said that North-western Province recorded the highest annual rate of inflation at 9.9 per cent followed by Eastern province at 9.5 per cent.
Provinces which recorded lower inflation rates were Central province at 6.3 per cent and Copperbelt province at also 6.3 per cent.
Average Prices of Selected Goods
A comparison of retail prices between August 2014 and September 2014 showed the following prices:
- 25 kg bag of breakfast Mealie meal - from K 72.33 to K70.37
- 25 kg bag of roller mealie meal - from K 51.79 to K50.05
- 20 litre tin of maize grain - from k 25.21 to K26.80
Other Related Pages To September 2014 Zambian Inflation
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
August 2014 Zambian Inflation To Zambian Inflation
August 2014 Zambian Inflation To Zambia Advisor Home
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