Zambia Annual Inflation Rate For November 2014 Increases To 8.1%

Zambia-Inflation-Rate-November-2014

According to the November 2014 Monthly Bulletin released by the Zambian Central Statistical Office (CSO), the country’s annual inflation rate increased from 7.9% in October to 8.1% in November.

The 8.1% refers to the Zambia Consumer Price Index (CPI), which measures changes over time in the general level of prices of goods and services that households acquire for the purpose of consumption, with reference to the price level in 2009 (base year 2009 =100).

Between November 2013 and November 2014, the annual rate of inflation increased for food and non-alcoholic beverages; clothing and footwear; transport; recreation and culture; and health.

The annual rate of inflation decreased for alcoholic beverages and tobacco; housing, water, electricity, gas and other fuels; furnishing household equipment, routine house maintenance; education; restaurant and hotel; and miscellaneous goods and services.

The annual Food inflation rate for November was recorded at 7.3%, increasing by 0.2% compared to October 2014, while the annual non-food inflation rate was recorded at 8.9%, an increase of 0.1% from October 2014.
 
The total monthly inflation rate increased from 0.1% in October 2014 to 0.4% in November 2014.

The monthly Food inflation rate for November 2014 was recorded at 0.5% compared to 0.0% in October 2014; while the monthly non-food inflation rate for November 2014 was 0.3% compared to 0.2% in October 2014.