Zambia’s annual inflation rate in March 2012 slowed down to 6.6 percent from the 6.9 percent recorded by the Central Statistical Office (CSO) in February 2013. This means that the rise in consumer prices between March 2012 and March 2013 is less than the rise in prices between February 2012 and February 2013. CSO has attributed this drop in the March 2013 Inflation Rate to the decrease in the annual inflation rate of food and non-alcoholic beverages. The March 2013 month-on-month food inflation rate was pegged at 1.2 percent.
The CSO in its March 2013 edition of the monthly bulletin further indicated that the preliminary 2012 GDP growth figure for Zambia stands at 7.3 percent. Preliminary estimates on the Agriculture, Forestry and Fishing sector are that it grew by 7.1 percent in 2012. This is less than the sector’s growth of 8 percent registered in 2012.