ZAMSTAT Interim Statistician general Mulenga Musepa said the year-on-year inflation as measured by the all items Consumer Price Index for the month of June 2020 decreased to 15.9 per cent, down from 16.6 per cent recorded in May 2020, meaning that on average, prices of goods and services increased by 15.9 percentage between June 2019 and June 2020.
Mr Musepa said the decrease in the annual inflation was attributed to price decreases in food items.
The year to date inflation was recorded at 9.3 per cent in June 2020, higher than that of the corresponding period in 2019 of 5.3 per cent, meaning that the average prices of goods and services increased at a faster rate in 2020 compared to the same period in 2019, he said at a briefing in Lusaka today.
And the year-on-year food inflation rate for June 2020 was recorded at 16.3 per cent compared to 17.5 per cent in May 2020, indicating a decrease of 1.2 percentage points.
“This development was mainly attributed to reductions in prices of food items such as cereals (Breakfast mealie meal, Roller meal, Maize grain) and Fish like Dried Bream, Dried Kapenta(Chisense), Dried Kapenta(Mpulungu), Buka buka,” Mr Musepa said.