Inflation for the month of May has increased to 6.6 percent. Last month the Inflation rate was at 6.5 percent.
Central Statistics Office Director, JOHN KALUMBI said the increase in inflation is due to a rise in food prices for commodities like chicken, kapenta and vegetables.
He says food inflation which is the measure of how food prices have moved was recorded at 6 point 8 percent.
Mr Kalumbi however says the inflation rate for non-food products such as clothing, housing, water, electricity gas and other fuels decreased in the month of May.
The Bank of Zambia is this afternoon expected to announce the policy rate which is an indication of how lending rates will move in line with the inflation rate.
Meanwhile Zambia recorded 129 billion kwacha trade surplus for the month of April.
This represents an increase of 88 percent from the March Trade surplus which stood at 79.6 billion Kwacha.
This means that the country exported more in April than it imported from other countries.
Mr Kalumbi says major export products were from intermediate goods and raw materials which include copper cathodes and refined copper.
Zambia’s major export destination in April was Switzerland which accounted for 38 point 2 percent which accounted for 88 point 9 percent of copper cathodes.
While China was the second export destination and accounted for 17 point 9 percent and accounted for 86 percent of the total exports.
Meanwhile, Zambia’s 2011 copper output fell to 739,759 tonnes from 767,008 tonnes in the prior year, the Central Statistics Office said on Thursday.
Production of cobalt rose to 2,137 tonnes from 2,128 tonnes in 2010, the statistics office said.