Advertise with

Zambia’s annual rate of inflation rise by 0.2 percent, trade surplus ticks up
Zambia’s annual rate of inflation rise by 0.2 percent, trade surplus ticks up

Zambia’s annual rate of inflation rise by 0.2 percent, trade surplus ticks up

FMCG SUPPLIER NEWS - Jan 31st 2014, 09:34

Zambia’s annual rate of inflation as measured by the all items Consumer Index (CPI) has risen by 0.2 percent from December 2013s 7.1 percent to 7.3 percent recorded in January this year. 

Out of the 7.3 percent annual inflation rate in January this year, food and non alcoholic beverage products accounted for 3.1 percentage points, while non-food products accounted fro a total of 4.2 percentage points.

Central Statistical Office (CSO) Director John Kalumbi has disclosed at media briefing held in Lusaka that the annual food inflation rate for January 2014 was recorded at 5.9 percent compared to 6.2 percent recorded in December 2013.

Mr. Kalumbi also notes that annual non-food rate increased by 0.6 percentage points from 8.2 percent in December 2013 to 8.8 percent in January 2014.

And Mr. Kalumbi has also disclosed that the country has recorded a trade surplus valued at K161 million in December 2013 compared the trade surplus of K6 million recorded in November 2013.

Mr. Kalumbi furthermore notes that Zambia’s major export products in December 2013 were from the intermediate goods category mainly comprising copper cathodes and sections of refined copper accounting to 85.3 percent.

Meanwhile the CSO has projected that the population of Zambia is expected to grow at an average rate of 2.7 percent per annum in the period from 2011 to 2020.

Mr. Kalumbi has explains told journalists that in 2010, the population of Zambia was recorded at 13, 092, 666 from 9, 885, 591 recorded in 2000.

Mr. Kalumbi says the population of Zambia is expected to double to 26, 923, 658, 658 by the year 2035.

Mr. Kalumbi states that data shows that both male and female populations are expected to increase from 6, 454, 647 and 6, 638, 019 in 2010 to 13, 319, 362 and 13, 604, 296 in 2035 respectively.

He adds rural areas are expected to continue having a large population compared to urban areas and that the population for rural areas is estimated to increase to 14, 498, 429 in 2035 while that of urban areas will be 12, 425, 229 in the same year.


Related News

Tiger Brands set to bounce back in 2019
15/01/2019 - 11:47
Tiger Brands, which lost R1.4bn in revenue in financial 2018 due to listeriosis, looks set to bounce back from the deadly outbreak, with revenue and earnings to rise steadily in the next three years, according to brokerage firm Arqaam Capital.

SA food and non-alcoholic beverages inflation unchanged
20/12/2018 - 15:33
South Africa’s food and non-alcoholic beverages inflation has bottomed out and will begin an upward cycle in the coming months, supported by an increase in agricultural commodities prices. The headline number will probably increase marginally as we expect the uptick in cattle and sheep slaughtering activity to contain meat price inflation at fairly lower levels in the near term which will, in turn, influence the overall increase.

Farm and factory gate inflation slows slightly
14/12/2018 - 09:00
Falling fruit and vegetable prices helped slow producer inflation in November.

The signs are here that South Africa has reached its economic crossroad
03/12/2018 - 11:37
While South Africa attempts to shore up its own economy amid high inflation rates and a stuttering inherited financial system, the continent as a whole continues to grow. The big question, though, is whether South Africa will get left behind in terms of international investment if it doesn’t improve its financial situation, and how to avoid this.

Unilever among firms calling for net zero UK emissions by 2050
28/11/2018 - 09:04
Unilever, Danone and Coca-Cola European Partners (CCEP) are among companies which have urged the UK to aim for net zero emissions by 2050.