Year-on-Year Inflation for September 2022 at 9.9 Percent
Annual inflation for September 2022 increased to 9.9 percent from 9.8 percent recorded in August, 2022. This means that on average, prices of goods and services increased by 9.9 percent between September 2021 and September 2022 (see Figure 3). The increase in annual inflation was mainly attributed to the base effect in food items.
Figure 3: Annual Inflation Rate, Sep 2021-Sep 2022 (%)
Annual Food and Non-Food Inflation
Annual food inflation for September 2022 was recorded at 12.1 percent from 11.3 percent in August 2022 (see Figure 4). This development was mainly attributed to price movements in food items such as Cereals (Breakfast mealie meal & Roller Mealie meal); Fish (Buka Buka, Dried Kapenta; Mpulungu & Chisense) and Vegetables (Rape, Cabbage, Chinese Cabbage, Pumpkin leaves).
The annual non-food inflation for September 2022 was recorded at 7.2 percent from 7.8 percent in August 2022. This outturn was mainly attributed to decreases in prices of non-food items such as Fuels & lubricants (Diesel, Petrol, Engine oil), Purchase of Motor Vehicles and Air fare.
Figure 4: Annual Food and Non-Food Inflation, Sep 2021-Sep 2022 (%)