Economy

Cost Of Living Drops By K40 In Zambia – Catholic Agency

JESUIT Centre for Theological Reflection (JCTR) has disclosed that the cost of living for a family of five in Lusaka has reduced by more than K40 due to a general decline in food prices.

Announcing the latest JCTR “Basic Needs Basket” (BNB), which normally takes into account the cost of living for a family of five across 15 major urban towns in the country, the cost of living for a family of five in Lusaka was recorded as K4,973.03 in April, 2017, down from more than K5,000 in March.

This is on account of reduced food and non-food prices.

“The April 2017 JCTR Basic Needs Basket (BNB) for a family of five living in Lusaka stood at K4,973.03, reflecting a K44.06 decrease from the March 2017 BNB of K5,017.09. The reduction in the April BNB is attributed to reduction in the cost of some food items such as beans which reduced from K40.1 to K30 per kg,” JCTR media and information officer Tendai Posiana states in a press statement.

The reduction in food items is attributed to increased food supply as the harvest season begins.

However, according to the BNB, data shows an increase in the price of kapenta from K181.05 per kg in March to K208.17 per kg in April, mainly attributable to the scarcity of the commodity due to depletion of species, while demand has remained constant.

And JCTR states that the BNB has ranged between K4,500 and K5,300 in the past four months, far higher than the monthly urban average income of K3,152.00, as estimated by the Central Statistical Office in the 2015 living conditions monitoring survey.

The annual rate of inflation, a major macroeconomic fundamental in influencing food and non-food prices, dropped to single digits last November and was 6.7 percent as at April, 2017.

23 Comments

  1. Nsimbi

    Surely K40 on K5,000 is not significant and may well be due to an aggregated accounting error either way!

    Assuming that the drop in cost is correct, would anyone saving K40 in a month make a meaningful investment as surplus money even with Zesco rearing its ugly head on new electricity charges?

    Reply
  2. Chichi

    Holy Shit!! This is what I have been talking about. Edgar has failed. Prices of commodities and services are parachuting put of control. These are signs of a failed state. It doesn’t make any sense for a country that got liberated from colonialism more than 50 years ago should be grappling with the economy. There is nothing in order and it appears the economy is on auto pilot. Every idiot in the office of power is sleeping or jerking off. The best foolish Edgar has achieved is drinking and killing innocent civilians because he knows he’s an illegitimate president. He’s an ashore with no dick.
    Signs cute Chichi girl

    Reply
    • Mwiza

      @Stinking Chichi coward
      More of personality disorder.
      Your comments are now monotonous.Always with the same tone.Vimvesa ulesi

      Reply
      • Chichi

        @Mwiza, who forces you to read my comments? I don’t write them for you idiot. Suck your mother’s pussy before responding to something you should not have read. Your disease is sending you to a mental facility. I don’t write for people with HIV/AIDS and multiple infections of sexually transmitted diseases. Stay in your space not poking your small penis on academic matters you have no knowledge about. You stink you dark skinned fool. I didn’t ask you be born poor and miserable. You will die unemployed and frustrated in your own inferior skin. Blame your father’s smelly sperm which fertilized your mother’s defunctional egg. This is a problem of being conceived from a woman suffering from gornorea. You are a cursed soul condemned to suffer forever. God has no time for you, hence your problems which never end.
        Signs cute Chichi girl

        Reply
        • Mwiza

          @Chichi,the light skinned.At it again.Kkk..
          You never stop amazing Mwiza.
          Tell the whole world you are in Scotland
          Tell the whole world you are getting a masters
          Tell the whole world you are light skinned
          Tell the whole world you are knowledgeable
          Tell the whole world you can insult
          And tell what now..?
          Tell it all.
          The coward.kkk
          Tell the whole world you

          Reply
          • Chichi

            @Mwiza I will fucken tell the whole world if that pleases you are makes you more miserable. I don’t care about your poverty. If you were born poor, blame it on your parents who wasted their youth by doing nothing other than fucking around and skipping school. You’re a retard choking with envy. You have achieved nothing but a total failure struggling to survive. Keep your dirty foul skin in your hot and dusty poor country…You will drip with sweat forever trying to earn a living for your poor family in a failed state. You earn worthless kwacha which has no place on the international market.
            I can’t stand your incurable stupidity inherited from your horrible poverty stricken parents. Keep it there you idiot.
            What a wasted sperm you’re.
            Signs cute Chichi girl

          • dingo

            big up my bro mwiza….this whore so called chichi is so miserable and desperate for attention that she has stooped so low as to comment on zambian issues, if you are what you say you are then you wouldnt hav time to be so bitter.. you are a failure nd a reject hence yu take yo frustrations out on this platform..im sure yu hav no market were ever yu illucinate yu are, come to zambia and jst maybe we can giv yu one of the dogs guarding HH to fuck yu in th mouth coz i think yo vagina stinks

    • One Stone Diamond

      Chichi can you leave this important issue for mature people to deal with. Seems you have immature twisted mind. You’re not commenting as an educated or someone representing the rich. Going by your sentiment you are just as poor as anybody else. We know what drives the rich and educated when commenting. Respect dignity and care. Anger is for the hungry.. us poor people. If you’re really educated you wouldn’t have commented insults on an intellectual post unless you’re a miscreant.

      Reply
  3. PF

    Comment
    @Chichi Lolo-LOLO,Take it Easy there z time for everything.
    o u need jst tnk God our creator everythings will b right back suitable……

    Increase ur faith dear.

    Reply
  4. Trek 187

    Imagine?

    Reply
  5. Ralph

    I was born in the wrong country. How does one become a patriotic citizen when there have no freedom?

    Reply
  6. Mwale mubanga

    hi

    Reply
  7. Marvin

    You are all liars,do you know how much people get payed?that amount can only suit those in GRZ,because the average Zambian gets less then k1000,so you are a fake organization.

    Reply
  8. choncho

    Comment:tizachula banee,being born in a wrong country.

    Reply
  9. Uncle #SwaGG'

    a Christian Nation we live in… Lesa somone

    Reply
  10. Jbl

    Lets be civil in our language.insults show luck of capacity to analyse the topic at hand

    Reply
  11. Kanyama veteran

    K40 nayo nayo

    Reply
  12. TJ

    @Chichi.Perhaps you changed your name but it seems there is a similarity to that person who once clash landed at a pastors house twice on a failed witching mission.Once again “how is your lomba and ghost doing?”.I understand they are quite very big now.Seek help through prayers

    Reply
  13. PADRE

    @Chichi its really amazing to note how SRA(satanic ritual abuse)can do to you.As a child you were sexually abused by your satan worshiper dad and you just need prayers.Its no wonder you took to acting in porn movies as a result of a trumatised childhood.Stop your demonic behaviour and please take into account that mulatoos(coloureds)are rejects not a race.

    Reply
  14. 123451997

    sure

    Reply
  15. Christopher Banda

    The cost of living has gone high.People are failing to meet the family demand.what I know is that over 30% of zambians get payed less than k3000 per month,those who get k5000 and above is about 20% and about 50% are out of employment both formal and informal .Prices of certain commodities may drop but still the poor woman in the ghettos doesn’t see any change at all.

    Reply
  16. lackson banda

    Yaba yalikosa

    Reply
  17. bornface ngosa

    Oh chichi i guez u ar not a zambian in case u dont kno God has blessed this country in evrythin ad if i may ask wat do u kno about God?come to zambia ad u wil repent ad dont ever involv God in yo insults duckness ad light wil never colide if thigs ar not ok we ve to talk about it if u cat help just fel pity God created a man in his on image either poor rich.may felow brothren dot wory if we ar poor for our riches ar in heaven wre ar no death.no thievs

    Reply

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