Mealie meal prices reach records high prices in Lusaka

The price of Zambia’s staple food mealie meal has also continued to break record high prices amidst the free falling Zambia currency against other major convertible currencies.

A check in some suburbs in the Zambian capital Lusaka revealed that a 25 KG bag of break fast now ranges from K80 to K90 per bag.

In Chilenje and Kabwata area, some traders had pegged there prices at between K83 to as much as K90 certain open containers.

The situation was almost similar in Kanyama, Matero and Mandevu areas where the prices of various brands were way beyond what was anticipated.

The increase is attributed to many factors such as removal of the key subsidies for maize, fuel and electricity increase, as well as transportation costs.

The free falling Kwacha has also contributed due to high importation of components needed by millers.

As of yesterday, the Kwacha was trading at K5.8 to a USD, the worthless value ever recorded in more than 20 years.

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