Posts
Zambia's inflation now stands at 6.4 percent for the beginning of 2012.
This is in the backdrop of inflationary pressure cited at 7.2 per cent at year-end of 2011.
The Central Statistical office has attributed the new inflation rate to a paradox of price increments for both food and non-food items.
Meanwhile, the CSO says it has revised the method of compiling the consumer price index, with varied parameters.
The CPI methodology will include a revised basket of goods for the survey, their reclassification in accordance with international guidelines as mirrored against living conditions monitoring survey outcome.
And the CSO has disclosed that Zambia recorded a trade surplus for the month of December 2012.
However the surplus was a nominal decrease from 194 billion kwacha for November, down to 132 billion kwacha for the year-end month.
This is in the backdrop of inflationary pressure cited at 7.2 per cent at year-end of 2011.
The Central Statistical office has attributed the new inflation rate to a paradox of price increments for both food and non-food items.
Meanwhile, the CSO says it has revised the method of compiling the consumer price index, with varied parameters.
The CPI methodology will include a revised basket of goods for the survey, their reclassification in accordance with international guidelines as mirrored against living conditions monitoring survey outcome.
And the CSO has disclosed that Zambia recorded a trade surplus for the month of December 2012.
However the surplus was a nominal decrease from 194 billion kwacha for November, down to 132 billion kwacha for the year-end month.
No comments:
Post a Comment