Latest News

Provincial Annual Inflation Rates

A disaggregation of the annual inflation by province shows that annual inflation during the month under review increased for Central (21.2% from 21.0%); Eastern (17.0% from15.3%); Luapula (15.8% from14.9%); North-western (13.9% from 13.8%); Southern (17.3% from 17.0%) and Western Provinces (18.1% from 17.5%). Annual inflation decreased for Copperbelt (15.3% from 15.9%) and Northern Provinces (11.7% from 12.2%); Lusaka Province remained the same at 13.9 percent (see Table 3). 

Table 3: Provincial Annual Inflation Rates, October 2023 – October 2024 (%)

 

Central 

Copperbelt 

Eastern 

Luapula 

Lusaka 

Northern 

North- 

Western 

Southern 

Western 

Weight  

107.19  

219.68  

88.98  

50.60  

283.89  

65.72  

32.33  

109.19  

42.42  

Oct-23

12.9

10.9

10.5

13.9

14.5

13.1

11.9

10.9

14.9

Nov-23

13.7

11.7

10.2

13.6

14.1

12.8

13.0

12.3

14.7

Dec-23

12.7

11.9

11.4

11.6

14.9

13.1

12.6

12.4

15.2

Jan-24

12.6

12.6

12.3

12.7

13.6

11.1

16.3

14.2

15.5

Feb-24

15.8

12.8

12.0

13.1

13.3

10.0

13.8

14.0

20.6

Mar-24

15.9

13.0

13.6

13.3

12.5

10.1

14.0

15.7

23.0

Apr-24

17.2

13.9

13.8

12.9

12.0

9.1

12.2

16.2

22.5

May-24

18.4

14.7

14.8

12.9

13.9

9.2

12.5

16.6

20.1

Jun-24

18.3

16.4

15.3

14.3

13.7

10.3

12.4

17.0

20.1

Jul-24

20.5

16.0

15.2

15.2

12.9

11.5

15.0

18.0

17.5

Aug-24

20.5

15.9

15.6

14.9

13.4

11.5

15.1

17.5

17.6

Sep-24

21.0

15.9

15.3

14.9

13.9

12.2

13.8

17.0

17.5

Oct-24

21.2

15.3

17.0

15.8

13.9

11.7

13.9

17.3

18.1

Source: ZamStats, 2024     

Provincial Contributions to Overall Inflation of 15.7 Percent

Of the overall 15.7 percent annual inflation, Lusaka province contributed the highest at 4.1 percentage points followed by Copperbelt which contributed 3.2 percentage points. Central and Southern Provinces contributed 2.2 and 1.8 percentage points respectively while Northwestern province had the lowest contribution of 0.5 percentage points (see Table 4).

Table 4: Provincial Contribution to Overall Annual Inflation 0ctober 2023 – October 2024 (%)

Province 

Weight

Oct-

2023*

Nov-

2023*

Dec-

2023*

Jan-

2024*

Feb-

2024*

Mar-

2024*

Apr-

2024*

May-

2024*

Jun-

2024*

Jul-

2024*

Aug-

2023*

Sep-

2024*

Oct-

2024*

National 

1,000.00

12.6

12.9

13.1

13.2

13.5

13.7

13.8

14.7

15.2

15.4

15.5

15.6

5.7

Central 

107.19

1.3

1.4

1.3

1.3

1.7

1.7

1.8

1.9

1.9

2.1

2.1

2.2

2.2

Copperbelt 

219.68

2.3

2.5

2.5

2.7

2.7

2.7

2.9

3.1

3.4

3.3

3.3

3.3

3.2

Eastern 

88.98

1.0

0.9

1.0

1.1

1.1

1.2

1.2

1.3

1.4

1.4

1.4

1.4

1.5

Luapula 

50.60

0.7

0.7

0.6

0.6

0.6

0.6

0.6

0.6

0.7

0.7

0.7

0.7

0.8

Lusaka 

283.89

4.2

4.1

4.3

4.0

3.9

3.7

3.5

4.1

4.0

3.8

3.9

4.1

4.1

Northern 

65.72

1.0

0.9

1.0

0.8

0.7

0.8

0.7

0.7

0.8

0.9

0.9

0.9

0.9

North-

Western 

32.33

0.4

0.4

0.4

0.5

0.5

0.5

0.4

0.4

0.4

0.5

0.5

0.5

0.5

Southern 

109.19

1.1

1.3

1.3

1.5

1.4

1.6

1.7

1.7

1.8

1.9

1.8

1.8

1.8

Western 

42.42

0.6

0.6

0.6

0.6

0.9

1.0

0.9

0.9

0.9

0.8

0.8

0.8

0.8

 
Read more>>Vol_259_of_2024_The_Monthly_October