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Annual inflation for September 2024 increased to 15.6 percent from 15.5 percent recorded in August, 2024. This means that on average, prices of goods and services increased by 15.6 percent between September 2023 and September 2024 (see Figure 1). This development was mainly attributed to price movements of food items.
Figure 1: Annual Inflation Rate, September 2023 – September 2024 (%)
Annual Food and Non-Food Inflation
Annual food inflation for September 2024 was recorded at 17.9 percent compared to 17.6 percent in the previous month (see Figure 2). This means on average prices of food items increased by 17.9 percent between September 2023 and September 2024. This was mainly attributed to increases in prices of food items such as Bread and cereals (Breakfast Mealie Meal, Roller Mealie Meal, Rice Local, Rice Imported, Bread, Fritters, Bread Flour Imported) Meat (Fillet Steak, Rump Steak, Brisket, Mixed Cut, T-bone, Ox-liver) Vegetables (Sweet Potato Leaves (Kalembula), Lumanda, Okra, Cabbage, Impwa, Dried beans) and Cooking oil.
The annual non-food inflation for September 2024 was recorded at 12.4 percent compared to 12.5 percent in August 2024. This outturn was mainly attributed to price movements in prices of non-food items such as Clothing materials (Men’s shirt imported, Men’s trousers Imported, Gents two piece suit, Men’s sweater & Ladies sweater) Small electric household appliances (Heater 2 bar, Electric Iron, Electric Kettle, Fan, Hotplate (2 plate)).
Figure 2: Annual Food and Non-Food Inflation, September 2023- September 2024 (%)
