The Annual rate of inflation for the month of July, 2014 has increased to 8.0 percent from 7.9 recorded in June 2014.
Speaking during the release of the July, 2014 monthly bulletin, Central Statistical Office Director, John Kalumbi says the increase in the annual rate of inflation is mainly attributed to increases in the non food items.
Mr. Kalumbi says between July 2013 and July 2014 the annual rate of inflation increased for Alcohol beverages and tobacco, housing, water, electricity, gas and other fuels, health and other housing equipment while it decreased for food and non alcoholic beverages, transport, clothing, footwear, communication and miscellaneous goods and services.
Mr. Kalumbi says of the total 8.0 percent annual inflation rate recorded in July 2014, food and non alcoholic beverage products accounted for 3.5 percent, while non food products accounted for a total of 4.5 percent.
He states that the annual rate of inflation increased for Central, Lusaka and North Western Provinces while it decreased for Copperbelt, Eastern, Luapula, Northern, Muchinga and Western Provinces.
Mr. Kalumbi says Lusaka Province had the highest provincial contribution of 2.5 percent while North Western Province had the lowest contribution of 0.3 percent.
He further disclosed that the country recorded a trade surplus valued at K47.7 million in June 2014 from a trade surplus of K41.1 million recorded in May 2014.