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Home Uncategorized Overall monthly inflation increased to 2.1% in January 2023
Overall monthly inflation increased to 2.1% in January 2023.
Uncategorized
ZamStats January 28, 2023

Overall monthly inflation increased to 2.1% in January 2023

The overall monthly inflation for January 2023 was recorded at 2.1 percent compared with 0.8 percent the previous month. This outturn was mainly attributed to price increases in food items (see Figure 3).

Figure 3: Overall Monthly Inflation, January 2022-January 2023

 

Monthly Inflation Rates for Food and Non-Food Items, January 2022-January 2023

Monthly food inflation for January 2023 was recorded at 2.8 percent an increase from 0.5 percent in December 2022. This development was mainly attributed to general price movements for Cereals (Breakfast Mealie Meal, Roller Mealie Meal, Maize Grain); Meat (Offal’s, Pork Chops, Goat Meat, Chicken Live, Tinned Meat); Fish (Frozen fish, Buka-buka, Dried Bream, Dried Kapenta Siavonga) and cooking oil.

Monthly non-food inflation for January 2023 remained the same, at 1.1 percent (see Table 5).

Table 5: Overall Monthly Inflation Rate for Food and Non-Food Items, Jan 2022-Jan 2023 (%)

Weight: Jan- 2022 Feb- 2022 Mar- 2022 Apr- 2022 May- 2022 June- 2022 July- 2022 Aug- 2022 Sep- 2022 Oct- 2022 Nov- 2022 Dec- 2022 Jan – 2023
Total 1,000.00 2.6 1.7 0.8 0.7 0.8 0.9 0.4 0.3 -0.4 0.2 0.7 1.1 2.1
Food 534.85 3.1 1.9 0.9 1.1 0.9 1.2 0.3 0.4 -0.2 0.4 0.9 0.5 2.8
Non- Food 465.15 1.9 1.5 0.6 0.1 0.8 0.6 0.7 0.1 -0.6 -0.2 0.5 1.1 1.1

Read more

  • Vol-239-of-2023-The-Monthly-February.pdf
2
Provincial Annual Inflation Rates,  2023 (%)Provincial Annual Inflation Rates, 2023 (%)January 28, 2023
Year-on-Year Inflation for February 2023 at 9.6 PercentFebruary 25, 2023Year-on-Year Inflation for February 2023 at 9.6 Percent

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