Wednesday, May 9, 2012

Trade surplus recorded,Inflation up to 6.5%




Zambia recorded a trade surplus valued at K79.6 Billion in March 2012, representing a nominal increase of about 68.1 percent from K47.4 Billion recorded in February 2012. This means that the country exported more in March 2012 than it imported, in nominal terms.

Since January 2011 the country has had monthly trade surpluses with the highest valued at K1,484.5 Billion recorded in January 2011 and the lowest in February 2012, valued at K47.4 Billion.

The annual rate of inflation derived from 2011 and April 2012. The increase is attributed to increases in the prices of non-food products. On average, prices increased by 0.7 percent between Marchthe revised all items Consumer Price Index (CPI) was recorded at 6.5 percent in April 2012, from 6.4 percent in March 2012. This means that on average prices increased by 6.5 percent between April 2012.
2012 and April 2012.

Between March 2012 and April 2012, the annual rate of inflation increased for Housing, water and electricity; Furniture and household equipment; Education; Restaurant and hotels; and Miscellaneous
goods and services. The annual rate of inflation decreased for Alcoholic beverages and tobacco; Clothing and footwear; Health; Transport; and Recreation and culture. The annual rates of inflation remained unchanged for Food and non-alcoholic beverages and communication.

The annual food inflation rate remained unchanged from March 2012 to April2012 at 6.4 percent.
You can download the full report from the CSO website at the link below.


The main info to take from here is that the inflation rate remains quite low compared to the estimated growth rate by governement which stands at 7%.The decrease in infation rate for alcoholic beverages in negligible

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