The cost of living for Lusaka as measured by the JCTR Basic Needs Basket (BNB) for an average Zambian family of five has now hit a first time high of 5,036.28 in the month of October 2016.
Some items recording increases in price included mealie meal, beans, dark green vegetables, cooking oil, bread, sugar, tea and charcoal.
And the JCTR has noted that measures such as an adjusted upward non –taxable income threshold from the current ZMW 3,000 to ZMW 3,300 in 2017 in as much as will cushion hardship for some employees, are not responsive to the reality on the ground for most employees.
“The national average cost of living for an average family of five as surveyed by the JCTR Basic Needs Basket is 3,478.31, reflecting a shortfall of 178.31 in the announced income tax –exempt threshold to enable an average Zambian family to afford cost of living. This shortfall however is worse for the urban poor in towns like Ndola, Solwezi and Lusaka whose shortfall ranges between K1, 000 to K1, 700,” JCTR said in a statement.