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|