The Lusaka Jesuit Centre for Theological Reflection Basic Needs Basket for 2018 has continued to record high cost of living for a family of five. The increase in cost of living for March was attributed to poor rainfall patterns, extension of the fish ban, reduced supply of agriculture products on the market and high fuel prices.
JCTR is worried that commodity prices are increasing every month at a very fast rate and this is preventing people from living a dignified life. High cost of living is causing suffering on the poor as many are unemployed and have no reliable source of income to afford the continued price increase of basic needs.
According to the Central Statistics Office the annual inflation rate for March 2018 increased to 7.1 percent from 6.1 percent in February 2018. The increase in the annual rate of inflation was attributed to price fluctuations in both food and non-food items. This therefore confirms the March 2018 JCTR Basic Needs Basket (BNB) increase.
The March 2018 JCTR Basic Needs Basket (BNB) for a family of five living in Lusaka stood at ZMW5,575 which was ZMW190 more than the February BNB which stood at ZMW 5,385. The most significant increase was noted in Dry Fish which increased by ZMW27 from ZMW111 in February to ZMW138 in March per kg of fish. A 25kg bag of Mealie meal increased by ZMW9 from ZMW67 in February to ZMW76 in March. Kapenta increased by ZMW 20 from ZMW217 in February to ZMW 237 in March per kg. Tomatoes increased by ZMW11 from ZMW15 in February to ZMW26 in March per kg.
The above noted increments and price fluctuations can be attributed to the extension of the fish ban which led to prolonged reduction in supply of fish and Kapenta on the market. This prompted traders to increase prices of these two commodities. Changes in the rainfall pattern caused a variety of problems for producers. Cases of high rainfall in some places caused devastation losses of crops which led to reduced supply of tomatoes and onion on the market.
The stock of maize on the market reduced and this led to increase in mealie meal prices. The increase in fuel prices also led to increased production costs for millers which triggered prices for mealie meal to increase.
JCTR is concerned with the continued increase in prices of basic commodities on the market. The Centre therefore urges government and other key stake holders to create opportunities that promote inclusive growth and Jobs that will narrow the gap between cost of living and salaries for the majority of Zambians so that they can afford the standard of living.
JCTR further urges government to actualize the Seventh National Development Plan by Promoting the agriculture sector and moving the economy away from its over-reliance on traditional products and exports, such as copper and cobalt.
This is because increased agricultural output will increase variety of foods and so reduce the prices of foods on the market. In addition, Government should invest more in the agriculture sector through research, skills development and education. This will improve productivity in the country and ensure that crops like maize, tomatoes and onions are produced in large quantities to avoid shortages.
The Cost of the Basic Needs Basket for 2018 has continued to rise-JCTR
Realistically speaking do you ever expect this cost to fall?
Why not?If pf can stamp out corruption, then the Basic Needs Basket will be static.The evils of corruption are catastrophic to a nation.Botswana and Mauritius are managing, so why not Zambia?
because abambo are busy having and abandoning children in the komboni!
There are times in the past when it could actually go down! This just shows how you and your government are so irresponsible.
Thank the heavens for JCTR’s monitoring of the food basket price! We don’t have an opposition in Zambia for sure, why is it that only the Catholics and other NGOs have been vocal in this? Cry mother Zambia because your children are egotistic cretins who are not concerned with the well being of their brothers and sisters!
A bag 25kg bag of mealie meal increases from K67 to K76 in one month time??? And yet millers are still buying maize at a low price of K1.2 and K1.1 from farmers! What a great injustice this is! Maybe the JCTR can also raise this issue of exploiting the farmers as our opposition are sadly failures.
UPND is a corrupt entity and a tribal grouping. Someone is amassing land in Namwala after paying his cousins money there.
Hmmmm you , that Punani is crying for HH 24/7 , controll yourself.
Only( Mwana Lesa) can do the above problems(…prayers)