JANUARY Inflation Rate Declines To 6.4 Percent

The annual rate of inflation for January, 2012 has been recorded at 6.4 percent.

The January inflation rate is based on the new methodology and software for data processing.

Acting CSO director William Makaya says of the total 6.4 percent annual inflation rate recorded in January, 2012, food, non alcoholic products and non-food products accounted for 3.2 percent each.

Mr. Makaya says the food inflation rate was recorded at 6.1 percent while the annual non-food inflation rate was recorded at 6.8 percent.

QFM News reports that during a media briefing this morning, Mr. Makaya said a comparison of retail prices between December, 2011 and January, 2012, shows that the average price of a 25 Kg bag of white breakfast mealie meal reduced by 8 percent.

He adds that the national average price of a 20 liter tin of maize grain reduced by 1.1 percent while the national average price of dried Kapenta reduced by 15.1 percent.

Mr Makaya has however stated that the national average price of 1kg of tomatoes increased by 9.7 percent while the national average price of 1kg of cabbage increased by 12.1 percent.