Annual inflation for January, 2022 decreased to 15.1 percent from 16.4 percent recorded in December 2021. This means that on average, prices of goods and services increased by 15.1 percent between January 2021 and January 2022.
The slowdown in annual inflation was mainly attributed to favourable price movements in food items.
Annual food inflation for January, 2022 was recorded at 16.9 percent compared to 19.9 percent recorded in December 2021, a decrease of 3.0 percentage points
This development was mainly attributed to price movements in food items such as Meat (Fillet and Rump steak, Brisket, Mixed cut, T-bone, Beef sausage); Fish (Frozen fish, Dried Kapenta, Dried bream); Fruits (Lemons, Pawpaw, mangoes) and; Vegetables (Rape, cabbage, Pumpkin Leaves, tomatoes, mushrooms, dried beans, sweet potatoes)
The annual non-food inflation for January 2022 was recorded at 12.7 percent from 12.1 percent in December 2021.
The increase in inflation was mainly attributed to price movements of non-food items such as Fuels and Lubricants (Diesel, petrol); Passenger transport by road (Mini Bus Fare, Coach Fare, Taxi Fare), General car service, Repair Charges and Car License (Road tax).
–The following is an extract of the January 2022 Monthly Statistics Report published by ZAMSTATS