Overall Monthly Inflation Rate at 1.0 Percent
The overall monthly inflation for April 2024 was recorded at 1.0 percent from 1.2 percent recorded in the previous month. This outturn was mainly attributed to price movements in selected food items (see Figure 3).
Figure 3: Overall Monthly Inflation, April 2023- April 2024
Monthly Inflation Rates for Food and Non-Food Items
Monthly food inflation rate for April 2024 was recorded at 1.0 percent compared with 2.4 percent recorded in March, 2024. This means on average prices of goods and services decreased by 1.0 percent between March 2024 and April 2024. This development was mainly attributed to general price movements of Meats (Brisket, Mixed Cut, Mince Meat, Plain Pork Sausages, Pork Chops, Goat Meat,); Fruits (Oranges, Lemons,Water Melon,Avocado’s, Groundnuts); and Vegetables (Pumpkin Leaves, Chinese Cabbage, Okra, Impwa, Pumpkin, Sweet potatoes).
Monthly non-food inflation rate for April 2024 was recorded at 1.0 percent compared with -0.3 percent recorded in March 2024. This means on average prices of non-food items increased by 1.0 percent between March 2024 and April 2024. This was mainly attributed to increases in prices of non-food items such as Pharmaceutical Products (Andrews liver salt,Magnesium Trisilicate, Fansider, Tetracycline, Asthma Cure (Salbutamol), Eye ointment (Tetracycline), Multivitamin); Other personal effects (Suitcases, Umbrellas,Coffin for an adult); Parcel delivery local, cost of internet services, Photocopying and Hammer milling charge.
Table 5: Overall Monthly Inflation Rate for Food and Non-Food Items, April 2023- April 2024 (%)
Weight: | Apr – 2023 | May – 2023 | Jun – 2023 | July – 2023 | Aug – 2023 | Sep – 2023 | Oct –
2023 |
Nov – 2023 | Dec – 2023 | Jan –
2024 |
Feb –
2024 |
Mar –
2024 |
Apr –
2024 |
|
Total | 1,000.00 | 0.9 | 0.6 | 0.8 | 0.9 | 0.8 | 0.7 | 0.8 | 0.9 | 1.0 | 2.1 | 2.2 | 1.2 | 1.0 |
Food | 534.85 | 0.9 | 0.9 | 0.9 | 1.0 | 0.8 | 0.5 | 0.7 | 0.9 | 1.0 | 2.3 | 2.3 | 2.4 | 1.0 |
Non-
Food |
465.15 | 1.0 | 0.2 | 0.7 | 0.7 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | 1.9 | 2.2 | -0.3 | 1.0 |
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