Zambia’s annual rate of inflation has been maintained at 7.2 percent for a period of two months.
This is according to the measurement by the Consumer Price Index (CPI) as captured in March and April, 2015.
Central Statistical Office (CSO) acting Director Daniel Daka told journalists in Lusaka today during a press briefing of the CSO monthly bullet.
Mr. Daka said food and non-alcoholic beverage products accounted for 3.7 percent while non-food products accounted for 3.5 percent as depicted in its CPI for this month.
He further disclosed that the price of a 25 kilogram bag of mealie-meal nationally decreased by 1.2 percent from K70.61 to K69.74.
He added that the price of roller mealie-meal of the same quantity also decreased by 1.9 percent from K53.93 to K52.89 during the one-month period under review.
Mr. Daka however, said the price of 1 kg dried Siavonga kapenta increased by a minimal 0.7 percent from K109.42 to K110.19 respectively.
Then sum pipo here will say that president lungu is not workin? U hav seen the indicators yourself bt u’ll still look 4 faults,we hav the best president in africa.the obama of africa,we should all b proud of
Whoever told you that 7.2% is a good thing? It’s so embarrassing and is not something you should even be celebrating. This means prices are going up higher than your earnings, that’s why most of your people are struggling to make ends meet.
Wake u and loo at the bigger picture
Niva boza. Fashioned to window dress and hoodwink. The real situ is different. Elo benangu ATI we have the best …. What?
Inflation rate is too high. Maybe, historically for Zambia, it looks okay, but it definitely is not on.
It’s still too high. 2.5 to 3 is what we should be aiming for