ZamStats September 29, 2023

Overall Monthly Inflation Rate for September 2023 at 0.7 Percent

The overall monthly inflation for September 2023 was recorded at 0.7 percent compared with 0.8 percent recorded in the previous month. This outturn was mainly attributed to price movements in selected food and non-food items (see Figure 5).

Figure 5: Overall Monthly Inflation, September 2022 – September 2023

Monthly Inflation Rates for Food and Non-Food Items

Monthly food inflation for September 2023 was recorded at 0.5 percent compared with 0.8 percent in August 2023. This development was mainly attributed to general price movements for Meats (Rump Steak, Brisket, Beef Sausages, Ox-liver and Offals); Fish (Dried Kapenta Mpulungu, Dried Kapenta and Chisense) and Vegetables (Rape, Spinach, Okra, Cabbage, Tomatoes and Onion).  

Monthly non-food inflation for September 2023 was recorded at 0.9 percent compared to 0.8

percent in August 2023. This outturn was mainly attributed to increases in prices of items such as Purchase of motor vehicles (Toyota corolla, Toyota Hilux, Nissan Pick (Nissan Hardbody) and Fuels and Lubricants (Diesel, Petrol,) (see Table 10).

Table 10: Overall Monthly Inflation Rate for Food and Non-Food Items, September 2022 – September 2023 (%)

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