Zambia’s inflation drops 0.3 % due to cheaper food, says CSO

Zambia’s inflation drops 0.3 % due to cheaper food, says CSO

The Central Statistical Office says annual inflation dropped from 7.3 percent in December 2012 to Seven percent in January 2013.

Central Statistical Office Director John Kalumbi has attributed the decrease in inflation to reduction of some food prices

Mr. Kalumbi said this press briefing in Lusaka on Thursday

He however could not clearly state which food prices reduced in January.

Mr Kalumbi says the annual food inflation rate was recorded at 7.6 percent in January 2013 compared to 8.4 percent in 2012.

He says this implies that there was a 0.8 percentage point decrease in annual food inflation.

Mr Kalumbi has however disclosed that annual rate of inflation increased for alcoholic beverages and tobacco, clothing and footwear, transport, education and accommodation among others.

Meanwhile, Mr Kalumbi says Lusaka Province made the largest provincial contribution of 1.9 percentage points to the overall annual inflation rate of seven percent.

And r Kalumbi says Zambia recorded a trade surplus of KR135.9 million in November 2012.

Mr Kalumbi has stressed that Zambia has continued to record trade surpluses since January 2012.

ZNBC

He says the country’s major export destinations in December 2012 were Switzerland, China, South Africa, Congo DR and Malawi.

ZNBC

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