9.5 C
Alba Iulia
Tuesday, November 16, 2021

Zambia’s December inflation down to 6.1 %, Economy grows by 3.3 % in the third quarter

Economy Zambia's December inflation down to 6.1 %, Economy grows by 3.3 %...

Shopping in Lusaka
Shopping in Lusaka
The annual rate of inflation for the month of December has decreased to 6.1 percent from the 6.3 percent recorded in November 2017.

Meanwhile Zambia has recorded a growth rate of 3.3 percent in the third quarter of 2017 which was 0.1 percentage points higher than that recorded in the second quarter.

Speaking during the end of year briefing, CSO director of census and statistics John Kalumbi disclosed that the decrease in the annual inflation rate means that on average prices increased by 6.1 percent between December 2016 and December 2017 bringing the average annual inflation rate for the year 2017 to 6.6 percent.

Mr. Kalumbi says the annual inflation rates over the same period have shown a decreasing pattern from 7.5 percent in December 2016 to 6.1 percent in December 2017.

He has however revealed that the year on year annual food inflation rate for December 2017 remained the same as that recorded in November 2017 at 4.8 percent stating that the year on year annual non food inflation rate for December 2017 was recorded at 7.5 percent from 7.9 percent recorded in November 2017 indicating a decrease of 0.4 percentage points.

He has since stated that the month on month inflation rate for December 2017 was recorded at 0.7 percent compared to 1.4 percent recorded in November 2017 showing a decrease of 0.7 percentage points.

Meanwhile Mr. Kalumbi has disclosed that Zambia’s economy grew by 3.3 percent in the third quarter of 2017 which was 0.1 percentage points higher than that recorded in the second quarter according to the year on year comparison of GDP at constant 2010 prices.

Mr. Kalumbi says the human health and social work industry recorded the highest growth of 21.9 percent in the period under review.

9 COMMENTS

    • If these statistics are true then Lungu keep punching in the dark, it looks like you are hitting something in the dark.

  1. Biggest joke on earth? Zambia Central Statistical Office have you not checked the cost of food increased at ground level?

  2. Nothing he says makes sense. The cost of leaving keeps skyrocketing and this guys gives us those figures for inflation? These people can’t even use common sense eh?

    • It’s a language of figures not assumptions. Whatever you are assuming if translated into numbers will be exactly like what cso is talking about. You can ague an opinion but never when a figure is produced.

  3. we are still poor bwana CSO…i will be more impressed if the government can sort out cholera and floods in the CBD once and for all,these figures are for your campaigns..

Comments are closed.

- Advertisement -

Latest News

The public order Act is very bad law which must be done away, repealed and NOT amended

By Fred M'membe There is a role for the government in keeping people safe from actual criminals. But some of...

More Articles In This Category