The year on year Inflation as measured by the all items Consumer Price Index – CPI for the month of September 2019 has increased to 10.5 percent from 9.3 percent recorded in August 2019, indicating an increase of 1.2 percentage points.
The Central Statistical Office – CSO has attributed the increase in the annual rate of inflation to food items price movement and the price increase in Maize products.
Speaking at a Media briefing in Lusaka on September 26, 2019, CSO Interim Statistical General Mulenga Musepa said the increase in inflation is an indication that price of goods and services increased by 10.5 percent between September 2018 to September 2019.H
He further announced that the annual food inflation rate for September 2019 was recorded at 12.4 percent compared to 10.3 percent recorded in August 2019, adding that the increase was mainly due to price movements of food items such as Breakfast mealie meal, Roller mealie meal, Maize grain, Samp and Rice imported.
Meanwhile, the non-food Inflation rate for September 2019 was recorded at 8.3 percent same as August 2019 which means that an average price of non-food items increased by 8.3 percent between September 2018 and September 2019
