Overall Monthly Inflation Rate at 0.8 Percent

The overall monthly inflation for October 2024 was recorded at 0.8 percent same as recorded in the previous month. This outturn was mainly attributed to price movements in selected food and non-food items (see Figure 3). 

Figure 3: Overall Monthly Inflation, October 2023 – October 2024

Monthly Inflation Rates for Food and Non-Food Items

Monthly food inflation rate for October 2024 was recorded at 0.9 percent compared to 0.8 percent recorded in September, 2024.This means on average, prices of goods and services increased by 0.9 percent between September 2024 and October 2024. This development was mainly attributed to general price movements of  Bread and Cereal (Breakfast Mealie Meal, Roller Mealie Meal, Maize Grain, Rice Local, Bread, Bun) Meat( Beef Sausage, Offals, plain pork sausages, Pork Chops, Kidneys, Frozen Chicken, Chicken live) Fish (Buka Buka, Fresh Kapenta, Dried Bream-Medium Sized-Opened, Dried Kapenta Siavonga);Cooking oil and Dried beans.

Monthly non-food inflation rate for October 2024 was recorded at 0.8 percent same as 0.8

percent recorded in September 2024. This means on average prices of non-food items increased by 0.8 percent between September 2024 and October 2024. This was mainly attributed to increases in non-food items such as Materials for the maintenance and  repair of the dwelling (Iron sheets, Cement, Paint (PVA Water Paint), Floor tiles-Porcellain-60×60, Steel Door frame Ordinary) Purchase of Motor Vehicles(Toyota hilux, Toyota corolla, Nissan ALMERA 1.5 L Acenta MT, Nissan Pick (Nissan Hardbody) and Charcoal. 

Table 5: Overall Monthly Inflation Rate for Food and Non-Food Items, October 2023 – October 2024 (%)

Read more>>Vol_259_of_2024_The_Monthly_October