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Alba Iulia
Monday, August 10, 2020

Zambia’s July Inflation drops from 15.9% to 15.8 %

Economy Zambia's July Inflation drops from 15.9% to 15.8 %

Zambia’s July Inflation dropped by 0.1% from 15.9% in June, increasing the the annual inflation rate to 9.7 percent in July 2020 from 5.8 percent in July 2019.

The Zambia Statistics Agency has attributed the development to a faster increase in the average prices of goods and services in 2020, than was the case in 2019.

However, the Zambia Statistics Agency says the rate of inflation between the months of July and June 2020 has decreased.

The inflation rate for July 2020 slowed down to 15.8 percent compared to 15.9 percent in June 2020.

The status quo is due to the decrease in the prices of food items.

Meanwhile, the Zambia Statistics Agency says Zambia’s international trade decreased by 0.8% in June 2020, in contrast with May 2020.

The agency says the value of Zambia’s International Trade in June 2020 stood at over 17,072,000 Kwacha against 17,205,000 Kwacha in May 2020.

The Zambia Statistics Agency further said that the country’s Copper exports stood at 11.5% in June 2020.

18 COMMENTS

  1. Now, if there were an Olympics for misleading, mismanaging and misappropriating then this government would take the gold, world-records for violations of national and international law. They want another term to continue to spend our children’s inheritance and hollow out the economy. We cannot afford another PF administration.

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  2. Excellent. Slowly things are starting to get back to normal due to the effective policies put in place by pf. The opposition are now angry because they are losing their campaign message. Kz

    I am now on the ground ready to put in action in the next election. The background work has begun

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  3. Vanity of all vanities, you ground work is futile work.
    Not even rigging will help you. Not even ZP or the army wants you anymore.
    The rejection of PF the party of “wankers” is very obvious,
    Don’t mistaken the people’s patience for 2021.
    What you saw @ Malawi is nothing in comparison to what awaits you.
    Your claim that PF is here for 100 more years is an insult to God.

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  4. Is a drop of 0.01% need to be reported really. This change is insignificant and can be attributed to an error in data collection or processing in other words a finding by simple chance in terms of probability.

  5. Inflation should be in single digits, Kwacha exchange rate should be stable ,debt should lower and economic growth should be at Rupiah Banda’s levels. PF has gotten all these metrics in very poor form.

  6. I have a geniune question for diasporans, especially tarino. You criticize the government of the day all day and night. You claim we are thieves and all sorts of evils. Since you think this way, please answer these questions:

    1. What do you think is the alternative to our government which you think would do things according to your standards?
    2. Name the party you believe would do a better job than us.

    You talk all day but we never hear your alternative parties of support. What do you want? Because we know it’s not pf.so tell us now. I give you 24 hours.

    Thank you

    Kaizar

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  7. I have a geniune question for diasporans, especially tarino. You criticize the government of the day all day and night. You claim we are thieves and all sorts of evils. Since you think this way, please answer these questions:

    1. What do you think is the alternative to our government which you think would do things according to your standards?
    2. Name the party you believe would do a better job than us.

    You talk all day but we never hear your alternative parties of support. What do you want? Because we know it’s not pf.so tell us now. I give you 24 hours.

    Thank you

    Kaizar Zulu ( in my personal capacity)

  8. Am not that @ Tarino but I think even UNIP would do better.
    This kind of corruption as per FIC reports was unheard of during UNIP and KK reigns.
    Though the UNIP cadres were as ruthless and as illiterate as yours but they respected @ZP.
    Single sourced contracts were unheard of, civil servants didn’t live a lavish lifestyle beyond their means.
    KK’s Presidential advisors did not go about drunken terrorizing the citizens. Ministers under investigation were suspended or fired. etc etc

  9. @ Kaizer, am glad you noticed that we are not partisan as well that we are frustrated with @PF.
    The reason for my hostility towards your PF is that the diaspora has opened my eyes to the possibilities of success that can be attained by a country with a vision.
    We get to see how systems function to the benefit of the citizens and we wish it were so for Zambia.
    Also we don’t have to worry about the cadres attacking us after we have spoken.
    Watching our beloved country heard the wrong way is painful because we have family and friends in their.
    The hopelessness as regards economic freedoms is very disheartening.
    Right now every young person I know has no job and the prospects of getting one are almost zero.
    For a little while PF gave us hope and then before you knew it things were…

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  10. Ati unip hahaha you are lost. I think you left Zambia a long time ago and have lost touch. You genuinely think unip is an alternative. I have heard it all. Anyway at least you are saying that you have no confidence in upnd.

  11. Ati unip hahaha you are lost. I think you left Zambia a long time ago and have lost touch. You genuinely think unip is an alternative. I have heard it all. Anyway at least you are saying that you have no confidence in upnd. Kaizar

  12. Ati unip hahaha you are lost. I think you left Zambia a long time ago and have lost touch. You genuinely think unip is an alternative. I have heard it all. Anyway at least you are saying that you have no confidence in upnd. The government is not there to spoon feed you. This dependency syndrome needs to end. I understand ku diaspora they do everything for you. In Zambia we believe in hard work .Kaizar zulu

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