THE ANNUAL INFLATION RATE AS MEASURED BY ALL ITEMS CONSUMER PRICE INDEX HAS REDUCED TO 8.8 PERCENT FOR THE MONTH OF APRIL FROM 9.2 PERCENT LAST MONTH.
THE REDUCTION IS ATTRIBUTED TO DECREASES IN FOOD AND SOME NON-FOOD PRICES SUCH AS BEVERAGES, TOBACCO, CLOTHING, FOOTWEAR, HOUSEHOLD FUEL AND LIGHTING AS WELL AS OTHER GOODS AND SERVICES.
THE CENTRAL STATISTICAL OFFICE SAYS OF THE 8.8 PERCENT ANNUAL INFLATION IN APRIL 2011, FOOD PRODUCTS ACCOUNTED FOR 1.6 WHILE NON-FOOD PRODUCTS ACCOUNTED FOR A TOTAL OF 7.2 PERCENTAGE POINTS.
AND THE COUNTRY HAS RECORDED A TRADE SURPLUS VALUED AT K862.3 BILLION IN MARCH REPRESENTING A NOMINAL GROWTH OF ABOUT 33.6 PERCENT FROM K645.2 BILLION RECORDED IN FEBRUARY, 2011.
THIS IS ACCORDING TO THE INFORMATION RELEASED TODAY BY THE ACTING DIRECTOR OF THE CENTRAL STATISTICAL OFFICE JOHN KALUMBI. MR KALUMBI STRESSED THAT AS A CONSEQUENCE OF THE PERSISTENT TRADE SURPLUSES, THE COUNTRY HAS RECORDED A MARGINAL GROWTH OF 41.6 PERCENT IN TRADE BALANCE EVEN AT A QUARTERLY LEVEL BETWEEN THE FIRST QUARTER OF 2011 AND THAT OF 2011.
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