Zambia’s annual inflation rate for August has slowed down to 15.5 percent from last month’s 15.8 percent owing to a fall in food prices.
Zambia Statistics Agency Interim Statistician-General Mulenga Musepa says the drop in food inflation to 15.5 percent from last month’s 16.1 is owing to a drop in prices of cereals like maize, mealie meal and vegetables among others.
Mr. Musepa however notes that non-food inflation has remained unchanged for a couple of months now.
Speaking during the agency’s monthly bulletin release in Lusaka this morning, Mr. Musepa also revealed that Zambia last month recorded a 40.4 percent rise in trade.
He added that the country last month recorded a 4.5-billion-Kwacha trade surplus which translates into a 163.6 percent increase from June’s 1.7 billion- Kwacha surplus.
Mr. Musepa observed that Zambia’s imports partially reduced because of a reduction in imports of consumer goods in view of the Covid-19 outbreak.
He said the situation could however have been worse if Zambia had closed off its borders like many of its neighbours did.
And Mr. Musepa has revealed that the agency has received more tablets for conducting the Census next year, in addition to the 15,000 already in its custody.
He said only Muchinga, Central, Southern and Northern provinces are remaining for mapping, with works being at 80 percent completion.
Sontapo. Things will normalise soon and then the upnd will foam at the mouth
Sontapo. Things will normalise soon and then the upnd and dirty diasporans will foam at the mouth
Sontapo. Things will normalise soon and then the upnd and dirty diasporans will foam at the mouth. Kz
Lusakatines it takes 100 tries to post here. Your website is useless
Kaiser and this guy are mocking us, look at the drop not even a whole number and you are busy rejoicing. We don’t know if this is a short gain or long term gain before everything goes haywire. You look like a fool rejoicing over 0.8 gain, maybe even you Kaiser those are the payrises you get which you defintely are not going to show us because they’re embarrasing small
Please note that it doesn’t mean a drop in food prices but a drop in the rate at which prices are increasing. If u hv no money to buy food or not enough money to make ends meet, it doesn’t mean that life will now be easier.
If people don’t buy fresh fish by 12pm because they have no money, what do you expect with the price at 3pm? kufichipisha.. who want to take stinking fish back to his house?
KAIZAR ZULU STOP MOCKING ZAMBIANS,A LOAF OF BREAD IS NOW K13.99 IN CHIPPIES OUTLETS WHILE A BAG OF CEMENT IS NOW SELLING AT K125.00,BEANS,TOMATOES,KAPENTA ETC ARE STILL GOING UP.WE WILL BELIEVE THAT INFLATION HAS GONE DOWN WHEN THE PRICE OF FUEL AND ELECTRICITY SLUMP DOWN. BAMWANKOLE ………………………?
South Africa inflation 4.6%, bali serious. Even Malawi as small as it is exports more cotton, Tobacco, ground nuts and Maize to other countries than Zambia and rakes in forex through agriculture. Us we are busy with Bill 10 in a total run away economy. I thank RB, he controlled the economy in a proper manner. Very strange agenda here, priority number one continue in government even in the midst of serious under performing, very strange country this one is.
Really, dem prices came down???? These numbers don’t make sense because prices are there for all to see? Who writes such bull?
Food prices have not dropped a cent. If anything, they have increased! Stop thinking that food is only maize.
Drop in food prices doesn’t mean anything as everything has increased due to dollar.
KLAP KLAP KLAP KLAP KLAP …. kikikikikikiki So Former CSO now can bring down FOOD PRICES DOWN…… In any case how is this Inflation calculated….I will end here
Hehehehehe
Real Zambians on the ground have spoken above , not pipo who are parasites off the backs of the Zambian tax payers……..
Economists! They are liars! What is food inflation? As if it can exist in its own economy. Inflation is inflation mwebantu. The petrol price will affect food
Lelo ni food inflation tomorrow ni Cabinet inflation, next day ni Minerals inflation. They keep splitting hairs these economists
Kaizar, do you know thieving morons which allowed this rate of inflation in first place?