Overall Monthly Inflation Rate Increased to 0.8 Percent
The overall monthly inflation for December 2022 was recorded at 0.8 percent compared with 0.7 percent the previous month. This outturn was mainly attributed to price increases in non-food items (see Figure 4).
Figure 4: Overall Monthly Inflation, Dec 2021-Dec 2022 (%)
Monthly Inflation Rates for Food and Non-Food Items, December 2021-December 2022
Monthly food inflation for December 2022 was 0.5 percent, a decrease of 0.4 percentage points from 0.9 percent in November 2022. This development was mainly attributed to general price Movements for Meats (Brisket, Offal’s, Pork Chops, Goat Meat, Chicken Live, Frozen chicken, Tinned Meat); Milk products (Fresh Milk, Powdered milk, yoghurt) and Vegetables (Sweet Potato Leaves-Kalembula, Cassava Leaves, Okra, Green Beans, Eggplant, Impwa, Maize cobs, Onion, Mushroom).
Monthly non-food inflation for December 2022 was recorded at 1.1 percent from 0.5 percent in November 2022 (see Table 8). This outturn was mainly attributed to price increases for Fuels & lubricants (Diesel, Petrol); Purchase of Motor cars (Toyota Hilux, Toyota corolla, Nissan ALMERA 1.5, Nissan Hardbody).
Table 8: Overall Monthly Inflation Rate for Food and Non-Food Items, Dec 2021-Dec 2022 (%)
|Weight:||Dec- 2021||Jan- 2022||Feb- 2022||Mar- 2022||Apr- 2022||May- 2022||June- 2022||July- 2022||Aug- 2022||Sep- 2022||Oct- 2022||Nov- 2022||Dec- 2022|
District Prices for Selected Products, December 2022
The Consumer Price Basket consists of 440 items which are spread across selected outlets in all the 116 districts of Zambia. Over 23,000 price quotations are collected from these outlets between the 1st and 10th of every month. The minimum and maximum prices for selected products by district are highlighted in Table 9.
Table 9: District Prices for Selected Products, December 2022
Unit of Measure
|Breakfast Mealie Meal||25 kg||140.00||Katete||220.00||Mafinga|
|Roller Mealie Meal||25 kg||110.00||Lusaka||180.00||Mwinilunga, Lukulu|
|Maize Grain||20 litre tin||55.00||Chingola||160.00||Mongu|
|Cooking Oil||2.5 Litres||92.00||Kitwe||170.00||Chilubi|
|Sugar||2 Kg||40.00||Kitwe, Lukulu, Isoka||55.00||Ndola, Chingola, Mporokoso|
|Charcoal||50 kg bag||55.00||Kazungula||230.00||Lusaka|
|Cement||50 kg||117.00||Lusaka||165.00||Kaputa, Lukulu, Sesheke|