The Central Statistical Office – CSO which has been rebranded as Zambia Statistics Angency – ZSA has announced that the year on year inflation rate as measured by the all items Consumer Price Index – CPI for the month of October 2019 has increased to 10.7 percent from 10.5 percent recorded in September 2019.
The increase in inflation means that an average prices of goods and services increased by 10.7 percent between October 2018 and October 2019.
Addressing the media that included the Zambian Business Times – ZBT in Lusaka on October 31, 2019, ZSA Intermin Statistician General Mulenga Musepa has desclosed that the increase in the annual inflation was mainly attributed to food items price movement adding that the increase in the food annual rate of inflation was mainly attributed to price increase in products such as Breakfast mealie meal, Roller mealie meal, Maize grain, Rice imported, Meats and Meat products.
Mulenga added that annual food inflation rate for October 2019 was recorded at 13.3 percent compared to 12.4 percent recorded in September 2019 attributing the increase to price movements of food items.
“The annual non-food inflation rate for October 2019 was recorded at 7.8 percent compared to 8.3 percent recorded in September 2019 indicating a decrease and this is attributed to Transport, ” He said
