The overall monthly inflation for December 2023 was recorded at 1.0 percent from 0.9 percent recorded in the previous month. This outturn was mainly attributed to price movements in selected food items (see Figure 4).

Figure 4: Overall Monthly Inflation, December 2022- December 2023

Monthly Inflation Rates for Food and Non-Food

Monthly food inflation rate for December 2023 was recorded at 1.0 percent compared with 0.9 percent recorded in November 2023. This development was mainly attributed to general price movements for Meats (Fillet Steak, Rump Steak, Brisket, Mixed Cut, T-bone, Mince Meat, Ox-liver, Goat Meat, Chicken Frozen, Chicken Live) and Vegetables (Rape, Okra, Cabbage).

Monthly non-food inflation rate for December 2023 was recorded at 0.9 percent same as recorded in November 2023. This means on average prices of non-food items increased by 0.9

percent between November 2023 and December 2023. This was mainly attributed to increases in prices of non-food items such as Pharmaceutical products (Medix cough syrup, Kaolin/Anti Diarrhea, Magnesium Trisilicate, Throat lozenges (Vicks Kingo), Eye ointment (Tetracycline) and Purchase of vehicles (Toyota Hilux, Toyota corolla, Nissan Hardbody).

Overall Monthly Inflation Rate for Food and Non-Food Items, December 2022- December 2023 (%)

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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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Annual inflation for September 2023 increased to 12.0 percent from 10.8 percent recorded in August, 2023. This means that on average, prices of goods and services increased by 12.0 percent between September 2022 and September 2023 (see Figure 3). This development was mainly attributed to price movements of selected food and non-food items.

Figure 3: Annual Inflation Rate, September 2022- September 2023 (%)

Annual Food and Non-Food Inflation

Annual food inflation for September 2023 was recorded at 13.4 percent compared to 12.6 percent in the previous month (see Figure 4). This means on average prices of food items increased by 13.4 percent between September 2022 and September 2023. This outturn was mainly attributed to price movements in Cereals (i.e. Breakfast & Roller meal, Bread flour, Maize grain, Rice and Meats (Mixt cut, Fillet steak, T-bone, Chicken live).

The annual non-food inflation for September 2023 was recorded at 10.1 percent compared to 8.5 percent. This outturn was mainly attributed to increases in prices of non-food items such as Purchase of vehicles (Toyota hilux, Toyota corolla, Nissan Hardbody) and Fuels & Lubricants (i.e. Diesel, Petrol).

Figure 4: Annual Food and Non-Food Inflation, September 2022- September 2023 (%) 

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Launch of the 2022 LCMS survey highlights, NSDS2 and SDG baseline report

Launch of the 2022 LCMS survey highlights, NSDS2 and SDG baseline report