Annual Inflation Continues to Cool
Economy

Annual inflation for December, 2021 decreased to 16.4 percent from 19.3 percent recorded in November 2021. This means that on average, prices of goods and services increased by 16.4 percent between December 2020 and December 2021.

The slowdown in annual inflation was attributed to favourable price movements in both food and non-food items.

 

Annual food inflation for December, 2021 was recorded at 19.9 percent compared to 25.4 percent recorded in November 2021, a decrease of 5.5 percentage points.

 

This decrease was mainly attributed to price movements in food items such as Cereals (Breakfast Mealie Meal, Roller Mealie Meal, Maize grain, Samp, Bread Flour Imported); Fish (Dried Kapenta Mpulungu, Dried Kapenta Chisense); Vegetables (Lumanda, Chinese cabbage, Pumpkin Leaves, Cassava leaves, Okra, Mushrooms) Coffee and Baking Powder.

The annual non-food inflation for December 2021 was recorded at 12.1 percent from 12.2 percent in November 2021.

 

The decrease in inflation was mainly attributed to price movements of non-food items such as Glassware, tableware and household utensils (Ceramic ware plate, Glassware (Mug), Cutlery (knifes/Forks), Silver plate, Kettle (non- electrical); Carpet and floor mat.

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