By Derrick Silimina
The annual inflation for August 2024 has increased to 15.5 percent from 15.4 percent recorded in July, 2024.
In a statement, the Zambia Statistics Agency (ZamStats) said this means that on average, prices of goods and services increased by 15.5 percent between August 2023 and August 2024, the development mainly attributed to price movements of food items.
ZamStats Statistician General Goodson Sinyenga noted that the annual food inflation for August 2024 was recorded at 17.6 percent compared to 17.4 percent in the previous month
“This means on average prices of food items increased by 17.6 percent between August 2023 and August 2024. This was mainly attributed to increases in prices of food items such as Fish (Dried Kapenta Mpulungu, Dried Kapenta Siavonga, Dried Kapenta, Dried Bream,); Milk & Eggs (Fresh milk, Sour milk, Powdered milk, Eggs); Dried beans and Sweet potatoes,” he said.
Sinyenga further stressed that the annual non-food inflation for August 2024 was recorded at 12.5 percent compared to 12.6 percent in July 2024.
“This outturn was mainly attributed to price movements in prices of non-food items such as Clothing (Men’s shirt, Men’s trousers, Gents suit, Ladies skirt imported, Ladies shirts (blouse)); Pharmaceutical Products (Ampicillin, Medix cough syrup, No cough, Andrews liver salt, Fansider, Multivitamin).”
