The Basic Needs Basket for a family of five living in Lusaka for the month of October has reduced by K38 to about K5, 317 from K5, 356 recorded in September.
The October BNB did not keep pace with the national inflation because the price reduction recorded in selected items outweighed the price increases in other items.
Significant decreases were noted in prices of Kapenta which by K18 from K188 to K170 per kilogram, Beans by K5 from K34 to K29 per kilogram and Tea bags by K4 from K84 in September to K80 in October per kilogram.
Dry bream fish however increased by K5 from K131 in September to K136 in October per kg.
Despite the cost of living reduction in the month of October, it still remains high and above incomes of many Zambians who continue to struggle to access basic needs of life, according to Chanda Paul Chileshe.
Mr. Chileshe the JCTR Social and Economic Development Programme Officer has recommended that government should look to promote alternatives such as gas for industrial use which can have an effect in lowering fuel dependability and reducing the impact of a fuel hike on locally manufactured commodities.
He said government may further need to review its taxation policy on crude oil so as to mitigate any possible adverse effects on the economy especially if global oil prices continue to rise.
Mr. Chileshe said increased fuel prices had an adverse impact on transport costs and prices of basic foods like mealie meal and bread.
He emphasised that the effect of fuel hikes on inflation in Zambia is thus a reality that is likely to increase the incidence of vulnerability and inequality.
That aside they is mo wind of change.
Xenophobia
Zaffico
Mukula
Thats not winning formula
Pf is a very weak political party.
Opposition lacks winning strategy
Am a non partisan political consultant
“…Xenophobia
Zaffico
Mukula
Thats not winning formula
Pf is a very weak political party…”
It does no matter if there is no opposition, Zambians have a right to protest plunder and selling off the country to foreigners …
With or without the opposition, citizens will continue to protest stealing and selling the country by PF
Spaka ®
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Simply put, cost of living in Zambia is high.
“If HAKAINDE MENTAL became president ZAMBIA will be as developed as the USA,” INCOMPOS and TRIBALISTS.
“Nifola 4 pin”….
The cost of living is very high and people don’t even earn that money to put three meals on their table, well come to sh!t hole govt dununa reverse… With a convicted debarred thieving lawyer for president
Prof. HaNsoni, talked to the Privatisation thief and Inside Trading thief and money laundering thief of late?
These clowns like chi Sharon will tell you it’s H H. whos caused this suffering, despite H.H not being in this lame Sh!th.ole P.F Government.
However don’t mind Sharon folks, her uncle, (Dad’s young brother) was convicted of making Love to a Goat the other day.
That’s why chi Sharon chali fulunganya!!
Chaikala Peniza chi Sharon.