The inflation rate for March 2019 has reduced to 7.5 percent.
The Central Statistical Office (CSO) says the year on year inflation for March 2019 reduce by zero-point three percent from 7.8 recorded in February 2019.
CSO Acting Director of Census and Statistics Goodson Sinyenga says the decrease was mainly attributed to fuels, lubricants and solid fuels such as charcoal.
He said this in Lusaka when he presented the CSO monthly bulletin.
Mr. Sinyenga also said the country recorded a trade deficit of 309 million Kwacha in February 2019.
In January 2019, the country recorded a trade surplus of 938 million Kwacha.
Mr. Sinyenga has noted that the decrease in the trade surplus is mainly attributed to the decline in the value of exports.
He has further explained that the year on year quarterly gross domestic product estimates show that the economy grew by 2.5 percent in the fourth quarter of 2018.
Mr. Sinyenga has pointed out that this is a reduction from growth that was observed in the fourth quarter of 2017 at 3.3 percent.
IT can even be reduced To 2% or 1%, but wat benefit is it if the cost of living is increasing by 100%.
Who says it increased by 100%? Yes , the economy is not doing as well as we would like it to, but we must be serious and not things out of context. We CSO precisely to avoid every Jim and Jack making pronouncements depending on which political party you subscribe to.
The only time when figures lie is when inflation drops. Just read under5 comnents to prove what i mean. Just because someone in the village doesn’t get 3 meals a day to them it means the economy is bad. A lot if people in developed countries also only get one meal a day.
The inflation figure is fake.
If PF Govt paid farmers, suppliers & contractors all their dues, then we can say inflation status quo is accurate. There is a Cash crunch in the country which is causing pain & suffering to citizens.
PF Govt is bankrupt & has no money to pay farmers, suppliers yet they don’t want to print money thus creating a false impression that the Kwacha is stable, inflation is low & the economy is doing fine.
[Cash Crunch = when an organization does not have enough money to operate successfully or in the normal way. Most companies that file for bankruptcy are undergoing some kind of cash crunch].
So sure inflation will reduce because people have no money …..every thing is tax this tax that, toll gate here toll gate there……
To day date is 29th March 2019.
How on Earth can CSO calculate inflation rate for March 2019 before month end?
May be the case of “Super Efficiency” or (more likely) yet another exercise of political deception.
Inflation is calculated based on mid-month prices of goods and services. So YES, they can give you the figure before the month comes to a close
Lies, lies and more lies from these dander heads, how can inflation be so low when you have no money circulating in your ka small economy… so what you are saying is that if you don`t pay people their salaries inflation will go down….. Kaponya and drunks economics, only dull PFoools cadres can believe this sh!t
Get your economic theory right.
The very situation you describe is what caused inflation to reduce.
If there is no money in circulation, how can prices rise?
Prices increase (and therefore inflation), when there is too much money in circulation (for example govt printing money or pumping in lots of liquidity into the economy).
If there isn’t lots in money in the economy and prices increase, inflation. Who is going to buy the goods?
Were are these figures coming from, were do these guys get all these no sense.
True to some point. But why he does not mention that the non payment for public service workers has had an effect on the reduced circulation of money?