The annual rate of inflation, as measured by the all items Consumer Price Index (CPI), declined by 0.3 of a percentage point from 9.9 percent in December 2009 to 9.6 percent in January 2010. The decline of 0.3 of a percentage point in the annual inflation rate in January 2010 is attributed to a result of "decreases in some food prices". This change does not include the impact of the fuel hike which will be reflected in February figures. More detail via the CPI Press Release.
Thursday, 4 February 2010
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FYI Zambia is not the only country where fuel prices increased. Zimbabwe is selling its petrol at R12.86 per litre or US$1.73 <=> ZMK8,217.50, Malawi is selling its fuel ay US$1.50 per litre or ZMK7,125.00 per litre. Therefore, Zambias price of K6,600 per litre or US$1.38 is amongst the lowest. RSA has the lowest at US$1.03 per litre purely because 30% of their fuel is extracted from coal and blended with biofuel. Therefore, they are able to deliver cheaper products.
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