Director Central Statistical Office Mr. John Kalumbi
Director Central Statistical Office Mr. John Kalumbi

Zambia’s annual rate of inflation for the month of September 2016, as measured by the all items Consumer Price Index (CPI) has dropped by 0.7 percent to 18.9 percent.

This is from the 19.6 percent recorded in the month of August.

Central Statistical Office (CSO) Director John Kalumbi explains that this means that on average, prices increased by 18.9 percent between September 2015 and September this year.

Mr. Kalumbi says the decrease in the annual rate of inflation this month is attributed to decreases in prices for both food and non-food items.

Speaking this morning at the monthly media briefing in Lusaka, Mr. Kalumbi says the annual food inflation rate for September 2016 was recorded at 23.4 percent compared to 24.1 percent in August.

Mr. Kalumbi says this represents a decrease of 0.7 percentage points.

And Mr. Kalumbi has also disclosed that Zambia recorded a trade deficit in August 2016 valued at K708.7 Million from the K476.1 Million recorded in July.
He says this represents a 48.9 percent increase.

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8 COMMENTS

    • @NEZ. You should advise you small god HH to form a church. May you followers who believe so much in him will be saved and will stop being bitter all the time.

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  1. The drop in inflation rate is attributed to food and non food items prices going down! Which foods!? Chibwawa,cabbage or rape? Come on mealie meal is still beyond reach for some of us.Ba Kalumbi from your air conned office look across and see hearses are bringing in customers. We have stopped believing u a very long time ago.JCTR give a much more professional and practical data

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    • @The DarkSide. No one said things have become affordable. 0.7% is a negligeble drop which these guys are being truthfull by letting you know. What is wrong with Zambians being so negative? There is too much darkness in the air in Zambia at the moment especially among Tongas.

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    • Maybe they are bitter because of the bemba theives.
      You found inflation at 7% under MMD and a surplus of funds. Now we owe $10 billion with no end in sight.

      Who can not be bitter ? Only the beneficiaries of the bemba thieves are not bitter.

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  2. inflaion is still way too high remember it was only 3 years ago our inflation was under 10% MMD had it pegged at 7% now with PF its at super high levels

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  3. Double digit inflation is never a good sign. At this rate even if this incompetent government miraculously returns things to pre-PF levels, the shame will remain ten years of wasted experimentation where the poorest were mere placeholders while others enriched their accounts at percentages that are well in to triple digits.

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