Overall Monthly Inflation Rate at 0.9 Percent
The overall monthly inflation July 2023 was recorded at 0.9 percent compared with 0.8 percent recorded in the previous month. This outturn was mainly attributed to price increases selected in Food items (see Figure 3).
Figure 3: Overall Monthly Inflation, July 2022-July 2023
Monthly Inflation Rates for Food and Non-Food Items
Monthly food inflation for July 2023 was recorded at 1.0 percent compared with 0.9 percent recorded in June 2023. This development was mainly attributed to general price movements for Bread and Cereals (Breakfast Mealie Meal, Roller Mealie Meal, Â Â Maize grain) Meats (Brisket, Mixed
Cut, T-bone, Beef Sausages, Pork Chops, Chicken Frozen and Chicken Live); Vegetables (Rape, Pumpkin Leaves, Sweet Potato Leaves (Kalembula)-With sterms, Lumanda, Spinach and Cassava Leaves .)  Â
Monthly non-food inflation for July 2023 remained the same at 0.7 percent. This outturn was mainly attributed to increases in prices of items such as Purchase of motor vehicles (Toyota corolla, Nissan Pick (Nissan Hardbody), Pharmaceuticals Products (Aspirin, Medix cough syrup, No cough, Andrews liver salt, Magnesium Trisilicate, Asthma Cure (Salbutamol), Cafenol, Ampicillin Medix cough syrup, No Throat lozenges ) and  Petrol (see Table 5). Â
Table 5: Overall Monthly Inflation Rate for Food and Non-Food Items, July 2022-July 2023 (%)
 | Weight: | Jul-
2022Â |
Aug-
2022Â |
Sep-
2022Â |
Oct-
2022Â |
Nov-
2022Â |
Dec-
2022Â |
Jan – 2023Â | Feb – 2023Â | Mar – 2023Â | Apr –
2023Â |
May – 2023Â | Jun –
2023Â |
July – 2023Â |
Total | 1,000.00 | 0.4 | 0.3 | -0.4 | 0.2 | 0.7 | 0.8 | 2.1 | 1.9 | 1.0 | 0.9 | 0.6 | 0.8 | 0.9 |
Food | 534.85 | 0.3 | 0.4 | -0.2 | 0.4 | 0.9 | 0.5 | 2.8 | 2.0 | 1.1 | 0.9 | 0.9 | 0.9 | 1.0 |
Non-
Food |
465.15 | 0.7 | 0.1 | -0.6 | -0.2 | 0.5 | 1.1 | 1.1 | 1.9 | 0.9 | 1.0 | 0.2 | 0.7 | 0.7 |
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 6.Â
Table 6: District Prices for Selected Products, July 2023
Product Description | Unit of Measure | Price (K) | Minimum | Price (K) | Maximum |
Location | Location | ||||
Breakfast Mealie Meal | 25 kg | 165.00 | Central
|
282.00 | Milengi |
Roller Mealie Meal | 25 kg | 135.00 | Monze | 240.00 | Chiengi |
Maize Grain | 20 litre tin | 75.00 | Luangwa | 160.00 | Chama |
Cooking Oil | 2.5 Litres | 130.00 | Kabwe | 155.00 | Chadiza |
Eggs | Tray | 53.00 | Mumbwa | 90.00 | Serenje |
Sugar | 2 Kg | 42.00 | Kaoma | 59.00 | Â Lusaka |
Charcoal | 50 kg bag | Â Â Â Â Â Â Â Â 50.00 | Â Chama | 280.00 | Lusaka |
Cement | 50 kg | 132.00 | Lusaka | 175.00 | Sesheke |
Read More>>Vol 244 of 2023 The Monthly July