The Zambia Statistics Agency (ZamStats), indicates that the Year-on-Year Inflation Rate for January 2021 increased to 21.5% from 19.2% recorded in December 2020. The increase in the annual rate of inflation was mainly attributed to price increases in food items. Annual Food Inflation Rate Zambia 2020 IAOS-ISI Conference; 2021 Calendar; Inside June Bulletin 2021: Economy grows by 0.7% in the First Quarter of 2021 || Annual Inflation Rate for June 2021 at 24.6 Percent || June 2021 Monthly Inflation Rate Slows down to 1.3 Percent | | Cumulative. This has been the highest annual inflation rate since April, 2016. But a look at selected items on the JCTR BNNB, shows an average increase of 50 per cent between January, 2020, and January, 2021, for foods such as beef, beans, chicken and milk
The Laspeyres formula is generally used. Zambia inflation rate for 2019 was 9.15%, a 1.66% increase from 2018. Zambia inflation rate for 2018 was 7.49%, a 0.92% increase from 2017. Zambia inflation rate for 2017 was 6.58%, a 11.29% decline from 2016. Zambia inflation rate for 2016 was 17.87%, a 7.76% increase from 2015. Download Historical Data In January 2020, inflation rose further to 12.5% following the upward adjustment in electricity tariffs and fuel pump prices. Inflation is projected to remain elevated over the earlier part of the forecast period and thereafter decline towards the upper bound of the target range of 6 - 8%
Zambia recorded an annual inflation rate of 12.5% in January 2020, up from 11.7% in December and the highest rate in almost three years. In 2019 inflation started at 7.9% but rose following increased food prices as a result of drought and a poor maize harvest. The current rate is double the Bank of Zambia's target of between 6 and 8% Inflation rate of Zambia increased from 16.4 % in May 2020 to 22.7 % in April 2021 growing at an average annual rate of 3.07%. The description is composed by our digital data assistant. Coronavirus Data and Insights Live data and insights on Coronavirus outbreak around the world, including detailed statistics for the US, Italy, EU, and China The Zambia Statistics Agency (ZamStats), indicates that the Year-on-Year Inflation Rate for November 2020 increased to 17.4% from 16.0% recorded in October 2020. The increase in the annual rate of inflation was attributed to price increases in both food and non-food items. Year-on-Year Food and Non-Food Inflation
The Consumer Price Index in Zambia increased 1.30 percent in June of 2021 over the previous month. source: Central Statistical Office, Zambia. Inflation Rate Mom in Zambia averaged 0.87 percent from 2008 until 2021, reaching an all time high of 6.20 percent in October of 2015 and a record low of -0.30 percent in October of 2010 Bank of Zambia Policy Rate. 12-07-2021. 8.5000. View more. Overnight Lending Facility Rates. 12-07-2021. 25.0000. View more. Overnight Interbank Interest Rates : 12-07-2021 Inflation has been rising, mainly driven by the pass-through effects of the depreciation of the kwacha and elevated food and transport prices. Following the outbreak of COVID-19, inflation rose to 17.4% in 2020 and is projected to remain above the target range of 6%-8% in 2021 INFLATION TO CONTINUE ELEVATING AS PRESSURE MOUNTS ON ECONOMY. 19 Feb, 2020. Business. Bank of Zambia Governor Dr Denny Kalyalya has said inflation rate is projected to remain high in the first quarter of 2020 to the fourth quarter of 2021 due to reduced economic activity and persisting liquidity challenges. Speaking when he addressed the media.
Zambia Economic Outlook. November 17, 2020. After the economy slipped into a technical recession in Q2 as the pandemic's fallout battered the trade and construction sectors, available figures hint at a slow recovery so far DUE TO EXPENSIVE FOOD PRICES, INFLATION. ALSO RISES Zambia's inflation accelerated by 1.8 percentage points in December from the previous month due to rising food prices. The annual inflation rose to 19.2 percent in December from 17.4 percent in November, according to the Zambia Statistics Agency. Interim Statistician-General Mulenga Musepa attributed the increase to a [ Zambia's inflation rate was largely steady at 15.8 percent in July from 15.9 percent in June, but below 16.6 percent in May. Inflation has been pushed up by a fall in the kwacha and higher food prices. In the first quarter average food inflation rose by 1.4 percentage points to 16.9 percent while non-food inflation rose 3.9 points to 15.1 percent January 2015 (7.81%) / January 2020 (13.9%) This equates to an 80% increase in the inflation rate in the 5 years Lungu has been President Rate was adjusted up to 10.25% in May 2019, from 9.75% in December 2018, and the banks average lending rate rose from 23.6% in December 2018 to 26% in August 2019. Whilst this may have contained inflation, it is likely to have dampened business activity and stifled growth on account of the higher borrowing costs. Targets for 2020
Despite a turbulent time in power, we expect Mr Lungu and the PF to win tight presidential and legislative polls in 2021, even amid a recession and debt crisis. Economic growth will recover from a low base in 2022 and will strengthen gradually, aided by elevated global prices for copper (Zambia's principal export commodity) for most of 2021-25 Mundia said the annual inflation rate for January 2021 stood at 21.5 per cent. This has been the highest annual inflation rate since April 2016. But a look at selected items on the JCTR BNNB, shows an average increase of 50 per cent between January 2020 and January 2021 for foods such as beef, beans, chicken and milk 1978 - 2020 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997.
Zambia's inflation rate remained at a three-year high in October and economic growth slowed, complicating the central bank's task. Annual consumer inflation accelerated to 10.7% from 10.5% in. Reserve Bank of Malawi is the central bank of the Republic of Malawi. The mission of the Bank is to ensure price and financial stability through the formulation and implementation of sound monetary and macro-prudential Policies that are consistent with agreed national strategies. Its vision is to be an institution of excellence that promotes price and financial stability for economic development 2 MONETARY POLICY STATEMENT, JANUARY - JUNE 2020 5.0 Global Economic Outlook for 2020 - 2021 5.1 Economic Growth The global economy is projected to pick-up to 3.2% in 2020 and 3.4% in 2021 from 2.9% in 2019.3 Underlying the pick-up in growth is the recovery in manufacturing, business confidence Zambia has recorded an annual inflation rate of 13.9% in February 2020. This figure is a further increase on the rate of 12.5% in January 2020, and 11.7% in December. It is the highest rate in almost three years. In 2019 inflation started at 7.9% but rose following increased food prices as a result of drought and a poor maize harvest
In January Zambia's inflation rate hit 21.5 percent, up from 19.2 percent in December, the highest since April 2016, and BOZ said it expected inflation to deviate away from the upper bound of its target range of 6.0-8.0 percent due to the lagged pass-though from the kwacha's deprecation and sustained high fiscal deficits K83.50 in January 2020. The price of eggs also moved up from K83.11 to K95.14 for the same time period, he added. However, on a microeconomic spectrum, the annual inflation rate in Zambia climbed to 13.9 percent in February of 2020 from 12.5 percent in the previous month. According to Trade Economics, the inflation rate has been above 10. It shows the central bank is serious about tackling inflation that accelerated to 21.5% in January, and supporting the kwacha after it weakened 32% against the dollar in the past 12 months Overall, the economy is estimated to have contracted by 1.2% in 2020 - the first recession for Zambia since 1998. Inflation remained in double digits throughout 2020--averaging 15.7% --and reached a high of 22.2% in February 2021. A gradual recovery is expected, with GDP growth projected at 1.8% in 2021 and will average 2.8% over 2021-23 The annual rate of inflation averaged 10.3 percent from 7.9 percent during the same period last year. Finance Minister Dr. Bwalya Ng'andu recently revised Zambia's economic growth for 2020 to 2 percent from nearly more than 3 percent
Democratic Republic of the Congo. IMF data shows that the three-year cumulative inflation rate is slightly below 100%, and it is expected to decrease in 2020 as the significant inflation in 2017 falls out of the three-year period. The inflation rate has fallen in both 2018 and 2019 Inflation Rate; Copper Export; View report > Housing Social Impact in Zambia. January 2020; 90 pages; Zambia; East Africa; Housing; Industry analysis; Child Marriage Rate; Food Expenditure; View report > Pollution Control Market Trends in Zambia. January 2020; 7 pages; Zambia; Pollution Control; Public Health Insurance; Industry analysis. Global growth is projected to rise from an estimated 2.9 percent in 2019 to 3.3 percent in 2020 and 3.4 percent for 2021—a downward revision of 0.1 percentage point for 2019 and 2020 and 0.2 for 2021 compared to those in the October World Economic Outlook (WEO) March 24, 2020. Inflation is the common man's number 1 enemy because in areas like Zambia,the earning power of many people is low. It is apparently clear that with the drop in the Kwacha value against the dollar we are in for big trouble. The living standards of ordinary Zambians shall be highly affected
The corresponding twelve-month year-on-year average percentage change for the urban index was 14.23 percent in January 2021. This is higher than the 13.86 percent reported in December 2020, while the corresponding rural inflation rate in January 2021 was 13.04 percent compared to 12.67 percent recorded in December 2020. Food Inde Inflation rates in Zambia have continued to rise in recent months. Food inflation surged since the end of 2020, from approximately 20% in December 2020 to 5YA level from September 2020. In January 2021, it was roughly 20% below the 5YA and 40% below year prior levels (1). 1 2 Inflation is a positive value in the inflation rate and means a general decrease in purchasing power for the domestic currency in the country in question and a general increase in prices of goods and services compared to the currency January 2020 Dominica: 0.60: 2017 est. Zambia: 13.9: 2020 est
The January 2020 inflation is much the same as the rate for January 2019, which was 0.65 per cent. Yearly inflation (from 1 February 2019 to 31 January 2020) was 3.48 per cent. Most of the price rises over the year were for food and drink. A year ago the annual inflation rate was 3.78 per cent - but in January 2017, it was 20.56 per cent Inflation remains low in January. The annual rate of consumer inflation was 3,2% in January, slightly up from December's reading of 3,1%. The monthly increase in the consumer price index was 0,3%, following 0,2% between November and December. The monthly changes in the CPI have remained within a range of 0% to 0,3% since August 2020
Inflation Rate in Ethiopia increased by 24.5 % in June 2021 over the same month in the previous year. The maximum level was 64.2 % and minimum was -4.1 %. Data published Monthly by Central Statistical Agency. Historical Data (%) by years. Data List of countries ranked by Inflation rate (consumer prices). Definition: This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices. Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2020 See also: Inflation rate (consumer prices) ma Inflation Rates. (i) 12-month inflation: normally considered as inflation rate, is defined as the percentage change in the monthly consumer price index (CPI). For example, the 12-month inflation rate for November 2017 is the percentage change in the CPI of November 2017 and November 2016 The largest upward contribution to the CPIH 12-month inflation rate came from transport (0.80 percentage points). On a monthly basis, CPIH rose by 0.4% in June 2021, compared with a rise of 0.1% in June 2020
Inflation measures the general evolution of prices. It is defined as the change in the prices of a basket of goods and services that are typically purchased by households. Projections are based on an assessment of the economic climate in individual countries and the world economy, using a combination of model-based analyses and expert judgement Euro Area: Inflation inches down in June. July 16, 2021. Harmonized inflation came in at 1.9% in June, marginally down from May's 2.0%, which had marked the highest print since October 2018. Read more. New Zealand: Inflation jumps to nearly 10-year high in Q2. July 16, 202 Year 2020 United States dollar/Zambian kwacha (USD/ZMW) rates history, splited by months, charts for the whole year and every month, exchange rates for any day of the year. Source: free currency rates (FCR The inflation rate in Namibia decreased by about one percentage point from 4.29 percent in 2018 to 3.72 percent in 2019. It is projected to remain around 4.5 percent through 2026, significantly. June's monthly inflation was 0.93% up from 0.55% in 2020. May's monthly inflation was 0.80% virtually identical to April's 0.82%, March was 0.71%, February was 0.55%, and January was 0.43%. In 2020, May was virtually zero, April was-0.67% and March was also negative, so that is why the Annual Inflation rate jumped up so drastically
The nation's annual (headline) inflation rate rose for the sixth consecutive months to 12.2 percent in February, the highest in 22 months, from 12.13 percent in January SURVEYS IN PROGRESS. 2020 ICT Access by Households and Use by Individual Survey. 2020 RAPID PICES Monitoring Survey (using Computer Assisted Telephone Interview) 2021 Census Mapping. Census of Industrial Production. Business Tendency Survey. Volume of Manufacturing Industry Survey The annual food inflation rate rose steadily to 23 per cent in March this year from 13.28 per cent in October 2018, reflecting the impact of low harvest due to continued farmer-herders' crises and. In January, however, the annual inflation rate rose to 362.6 percent from 348.6 percent in December due to higher administrative levies and other charges that traditionally take effect at the start of the year. Overall, both headline and blended inflation are expected to progressively decline in 2021, RBZ said HIGH inflation and volatile exchange have negatively affected the performance of the capital markets in the last nine months. Currently, the Kwacha is trading in the range of K17.90 and K18.20 on the bid and offer respectively, while inflation rate is standing at 15.9 percent. Securities Exchange Commission (SEC) chief executive officer Phillip Chitalu said [
The Economy Adjusted for inflation, GDP is projected to grow by 2.2 percent in 2020. From 2021 to 2030, output is projected to grow at an average annual rate of 1.7 percent, roughly the same rate as the economy' Updated June 10, 2021. The U.S. inflation rate as of May 2021 was 5.0% compared to a year earlier. That means consumer prices increased by more than 5% over the course of a year—the sharpest such increase since August 2008. The inflation rate is an important economic indicator, because it tells you how quickly prices are changing
The overall index went up to 119.43 in October 2020, from 115.84 recorded in October 2019. This is an increase of 3.59. Election factor Theoretically one would have expected higher inflation rate. In 2020, Tanzania's annual inflation rate was 3.3%, significantly below the Government's medium-term ceiling of 5% outlined in Tanzania's 2020/21 budget. The WB estimates that Tanzania's current low and stable headline inflation is favored by low domestic food prices. The Bank forecasts that in 2021 inflation will remain stable at 3.5% The inflation rate, as measured by the Consumer Price Index (CPI), increased to 22.2 percent in February from 21.5 percent recorded in January, according to figures released by the Zambia Statistics Agency. This means that on average prices of goods and services increased by 22.2 percent between February 2020 and February 2021, Mulenga Musepa. 6. Exchange Rate Depreciation: The Kwacha has depreciated by more than 20 percent to around K17.50 per US dollar. 7. Inflation: Annual inflation is projected to remain above the target range of 6-8 percent. Inflation for March 2020 stood at 14%. 8. Financial Sector: The broader impact on the financial sector is likel 2019 (COVID-19) pandemic during January meant that business conditions in the Zambian private sector deteriorated to a greater extent at the start of the year, having shown signs of stabilisation towards the end of 2020. Meanwhile, cost inflation remained relatively muted despite upwards pressure from ongoing currency weakness
January 2020. Date. US Dollar to Zambian Kwacha Monthly Exchange Rates. Wednesday 1 January 2020. $1 USD = ZK0. US Dollar Zambian Kwacha rate for 01/01/2020. Thursday 2 January 2020. $1 USD = ZK0. Definition: This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices. Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2020 See also: Inflation rate (consumer prices) ma Zambia GDP and Economic Data Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Zambia's economic outlook, debt to GDP ratio, international trade performance and population trends Exchange Rate Depreciation: The Kwacha has depreciated by more than 20 percent to around K17.50 per US dollar. Inflation: Annual inflation is projected to remain above the target range of 6-8 percent. Inflation for March 2020 stood at 14%
President LunguPresident Edgar Lungu has announced that the 2020 economic prospects for Zambia are positive. President Lungu says projections include a real growth rate of 3% and inflation to be maintained within the range of 6 to 8 %.. Mr. Lungu has said that the fiscal deficit is expected to reduce to 5.5% and domestic revenue mobilization is projected to increase to at least 22 % of gross. Zambia had one of the world's fastest growing economies for the ten years up to 2014, with real GDP growth averaging roughly 6.7% per annum, though growth slowed during the period 2015 to 2017, due to falling copper prices, reduced power generation, and depreciation of the kwacha
ed by 1.2 percent in 2020 - the first reces-sion for Zambia since 1998. Inflation re-mained in double digits throughout 2020--averaging 15.7 percent --and reached a high of 21.5 percent in January 2021. The COVID-19 pandemic has also deep-ened Zambia's fiscal and debt vulnerabili-ties. Falling revenues and COVID-relate since January 2018. D.Unweighted averages of country groupings. E. AGO = Angola, GHA = Ghana, ZAF = South Africa, ZMB = Zambia, ETH = Ethiopia, ZWE = Zimbabwe. 2019Q4 reflects the average of October and November. F.Unweighted averages. E. Inflation, annual rate F. Fiscal balances Click here to download data and charts On August 27, 2020, the FOMC announced it will allow a target inflation rate of more than 2% if that will help ensure maximum employment. It still seeks a 2% inflation over time but is willing to allow higher rates if inflation has been low for a while In Zambia, another key maize producer/supplier in the region, the food inflation rate has steadily increased from 9% in July 2019 to 15% in January 2020 (Figure 8) - the highest rate since 2016. Deteriorating macroeconomic conditions and depressed domestic production levels pose
Earlier today Zambia's central bank raised its key interest rate by 50 basis points to contain rising inflation, following on the heels of Mozambique's central bank that raised its key rate 300 points in late January due to rising inflation from continued depreciation of its currency January 31, 2020 TRYNESS TEMBO, Lusaka ZAMBIA closed last year on a positive note recording a trade surplus valued at K422 million while the annual inflation rate for January.. In Zambia and most African states, there's no doubt that salaries are a hot issue. They plague the news, political culture and about every other strata of life. In May of last year for example, there was public uproar following an increment of Civil Servant's salaries by 4% despite the fact that the country had an inflation rate of 8 per. Inflation Rate: 4.99%. Trailing 12-month CPI. Current CPI: 269.195. Bureau of Labor Statistics. Annual inflation: 1.23%. Bureau of Labor Statistics (2020) The inflation rate is determined by Consumer Price Index released by the U.S. Bureau of Labor Statistics (BLS)
Consequently, the overall inflation rate in December 2019 was 5.8% which was similar to the inflation rate in December 2018. 14. The inflation rate rose to 5.8% in January 2020 up from 4.7% in January 2019 due to the upward trend in both food and fuel inflation over the last quarter of 2019 2020 CPI and Inflation Rate for the United States This table shows the monthly All-Items Consumer Price Index (CPI-U) as well as the annual and monthly inflation rates for the United States in 2020. You can find upcoming CPI release dates on our schedule page Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Egypt inflation rate for 2018 was 14.40%, a 15.11% decline from 2017
Last year Zimbabwe's inflation rate soared to more than 800 percent, but it has begun easing with the June year-on-year rate officially at 106.64 percent, according to the National Statistical Agency. The central bank had forecast inflation to slow to 55 percent in July Current U.S. Inflation Rate. As of December 2020, the U.S. inflation rate was 1.92%, according to Federal Reserve data. Between 2010 and 2020, the U.S. inflation rate has hovered around 2%, ranging between 1.31% and 2.6% monthly. In the years before the Great Recession, the rate sat comfortably above 2% On a monthly basis, consumer prices edged down by 0.2 percent in April, after a 0.1 percent drop recorded last month. Inflation Rate in Bahrain averaged 1.64 percent from 2008 until 2021, reaching an all time high of 5.22 percent in January of 2009 and a record low of -3.60 percent in April of 2020 Despite inflation being lower than a loose 5-6% target range set by the government, Mozambique's central bank hiked its policy rate by 300 basis points (to 13.5%) in January on the basis of a stronger price outlook, making it the first African country to tighten policy since the start of the coronavirus pandemic
