The annual rate of inflation for the month of October 2013 has reduced to 6.9% compared to 7.0% recorded in September 2013.
This means that on average, prices increased by 6.9% between October 2012 and October 2013.
Central Statistics Office -CSO- Director John Kalumbi told a media briefing in Lusaka that of the total 6.9% annual inflation rate recorded in October 2013, food and non-alcoholic beverage products accounted for 3.1 percentage points while, non-food products accounted for a total of 3.8 percentage points.
And Mr. Kalumbi said the annual food inflation rate for October 2013 was recorded at 5.9% to the 6.5% recorded in September 2013.
He said this shows a 0.6 percentage point decrease.
Mr. Kalumbi said the annual non-food inflation rate increased by 0.6 percentage points from 7.4% in September 2013 to 8.0% in October 2013.
iIs it true that Chikwanda has resined?
In UK Inflation is under 3% at almost 7%, this will devalue your currency. For those not clever enough to understand this, I have got 2 words for you……. …….
Thanks
where have you heard this from
you mean you were on the the dog site?
Now choose:
True or False
Dreamer or Liar?
Oh, good! October is not even done and CSO already knows the answer. Very convincing.
At less than 7% annual inflation, however, I do wonder why the President (and others) needs a 10% pay rise….. or is it a 27% pay rise?
This is a lie……..mastered figures……how can inflation go down when prices of essential commodities continue to go up?
Is price of mealie meal, bread, soap, cooking oil, cement, bus fare the same as last month? Is money supply (velocity) same as previous month? Has production markedly increase since start of the month? So how come inflation is coming down?
Hahaha! The game of numbers! It takes only common sense.
6.9% is great. Bloggers Zambians in general don’t access benefits of this due to lack of information. Boom! your education for today. We have internet so we know all this good stuff.
we need experts like you. please explain us the figures
Why are my comments always awaiting moderation.
Because computer is having laughing fits when it reads your comments.
6.9% is great. Bloggers Zambians in general don’t access benefits of this due to lack of information. Boom! your education for today. We have internet so we know all this good stuff.
Great news.