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Inflation rates for clothing & footwear fall

07
Jan '08
The annual rate of inflation, as measured by the all items Consumer Price Index (CPI), was recorded at 8.9 percent as at December 2007. This rate is 0.2 of a percentage point higher than the November rate of 8.7 percent.

Compared with the same period last year, the annual rate of inflation increased by 0.7 of a percentage point, from 8.2 percent in December 2006 to 8.9 percent in December 2007.

The December 2007 inflation rate of 8.9 percent means that prices as measured by the all items Consumer Price Index (CPI) increased by an average of 8.9 percent between December 2006 and December 2007.

Annual Inflation Rates for CPI Main Groups Between November and December 2007, the annual inflation rates increased for food, beverages and tobacco; rent and household energy; transport and communication; recreation and education; and other goods and services.

However the annual inflation rates for the same period decreased for clothing and footwear, medical care, furniture and household goods.

Contributions of different Items to overall inflation The increase of 0.2 of a percentage point in the annual inflation rate from 8.7 percent in November 2007 to 8.9 percent in December 2007 is mainly due to the increase in the cost of food products.

Of the total 8.9 percent annual inflation in December 2007, food products accounted for 2.9 percentage points while non-food products in the Consumer Price Index (CPI) accounted for a total of 6.0 percentage points.

Central Statistical Office of Zambia


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