The cost of living for a family of five as measured by the Jesuit Centre for Theological Reflection (JCTR) Basic Needs and Nutrition Basket (BNNB) for the month of April 2023 in Lusaka stood at K9, 112.6, representing an increase of K109.39 over the K9, 003.21 recorded in March 2023.
The basket’s upward movement can be attributed to price increases in selected food items.
During the month of reflection, an analysis of the performance of various major economic fundamentals revealed slight variations.
The Zambian Kwacha appreciated against international currencies such as the US dollar (by slightly more than 10%) while the annual inflation rate increased to 10.2 percent in April 2023, up from 9.9 percent in March 2023, attributable to price increases in certain non-food products according to the Zambia Statistics Agency.
The Centre however notes that the Energy Regulation Board (ERB) reduced the price of diesel at the pump, while the price of petrol remained unchanged.
