By VITA BANDA
THE Zambia statistics Agency (ZAMSTATS), has announced that the Annual inflation for August 2023 increased to 10.8 percent from 10.3 percent recorded in July, 2023.
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ZAMSTATS Statistician General Mulenga Musepa, attributed the development to price movements of selected food and non-food items.
He says, the annual food inflation for August 2023 was recorded at 12.6 percent compared to 12.1 percent in September 2023.
Mr Musepa further says, annual non-food inflation for August 2023 was recorded at 8.5 percent compared to 7.8 percent in September.
He attributed the outturn to an increase in prices of non-food items such as spare parts and accessories.
“The consumer price index (CPI) for the food and non-alcoholic beverages increased by 12.6 percent between August 2022 and August 2023. This was higher than 11.3 percent recorded in the same month of 2022 and 12.1 percent recorded in July 2023. The index for clothing and footwear increased by 8.2 percent between August 2022 and August 2023. This was lower than 9.1 percent recorded in August 2022 but higher than 7.9 percent recorded in July 2023.
The CPI for the housing, water, electricity, gas and other fuels group increased by 8.2 percent between August 2022 and August 2023. This was higher than the 5.4 percent recorded in the same month of 2022 and the 7.8 percent recorded in July 2023. “The CPI for the Furnishing, Household Equipment and Household Maintenance increased by 6.1 percent between August 2022 and August 2023. This was higher than 6.0 percent recorded in August 2022 and 5.9 percent recorded in July 2023,” he says.
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