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· Zambia’s annual inflation rate has risen to 23.2%, up from 22.7% recorded in April, 2021. This was mainly attributed to price increases in food prices
· Prices of some frequently sought out food items have continued to increase putting pressure on household incomes
Zambia’s annual inflation rate has risen to 23.2%, up from 22.7% recorded in April, 2021. This was mainly attributed to price increases in food prices.
Prices of some frequently sought out food items have continued to increase putting pressure on household incomes. This has remained relatively flat while some homes have even lost some sources of income on the back of the Covid -19 pandemic. Prices of meat, eggs, dried kapenta, cooking oil and sugar are the items that pushed up the price level.
The Non-Food inflation rate for May 2021 was recorded at 1.4 percent, indicating a decrease of 0.7 percentage points from the 2.1 percent recorded in Aril, 2021, mainly attributed to price movements of Non-food items, such as accommodation services like bed and continental breakfast single room in a guesthouse.
