The annual rate of inflation, as measured by the all items Consumer Price Index (CPI), declined by 1.6 of a percentage point from 11.5 percent in November 2009 to 9.9 percent in November, 2009. The decline of 1.6 of a percentage point in the annual inflation rate in December 2009 is attributed to a result of "decreases in some food prices". But of the real reason is the continuous strengthening of the Kwacha off the back of the resurgence in commodity prices. More detail via the CSO Monthly Bulletin.
Monday, 4 January 2010
Inflation Statistics - December 2009
A health warning on the CSO bulletin : It is disappointing reading the latest CSO article on National Poverty Trends 1996 - 2006 , where they attempt to spin poverty reduction between 1996 - 2006. What they forget is that poverty rates actually rose between 2004 (58.4%) and 2006 (59.3%). If the CSO continues with this spin we will start losing faith in the credibility of their numbers. Its quite obvious the period was picked to illustrate a downward trajectory, with the intention of fooling those who lack attention to detail. May be its time we made the CSO independent.