COST OF LIVING INCREASING
By Daily News Reporter
The Basic Needs and Nutrition Basket (BNNB) in Lusaka has increased
from K9,555.53 in January to K10,575.86 in July, marking an overall rise of
K1,020.33. This reflects a clear upward trend in the cost of living. Similar
trends were observed in other cities such as Solwezi and Ndola, where the BNNB
saw significant increments, indicating a nationwide escalation in the cost of
basic needs.
February witnessed a sharp rise, with Lusaka’s BNNB
increasing to K10, 307.01 from K9, 555.53 in January. This increase of K751.48
highlights the volatility in prices. The highest monthly increase occurred
between March and April, where most cities experienced an uptick in their BNNB
figures. In Lusaka, the BNNB increased by K1, 048.87 within this period.
Solwezi showed substantial fluctuations, with the BNNB
rising from K9, 176.26 in January to K10, 042.59 in July. Ndola also followed
this pattern, with its BNNB increasing from K7, 892.78 in January to K9, 311.09
in July. On the lower end, cities like Mazabuka and Mpika displayed smaller
increments but nonetheless followed the general trend of increasing costs.
The continued depreciation of the Zambian Kwacha, coupled
with rising fuel costs and poor rainfall patterns, have exacerbated the
situation. The increase in BNNB reflects not only the inflationary pressures
but also the seasonal availability of certain food items, particularly as
Zambia approached the dry season. The rising cost of staple foods like mealie
meal, kapenta, and vegetables has had a detrimental effect on the living
conditions of average and poor households, leading to food insecurity concerns.
And Jesuit Centre for Theological Reflection (JCTR) has
urged the Government that they is need for targeted government interventions to
stabilize and reduce the cost of essential goods. And also to improve food
production and sustainability through diversification and better farming
practices.
The government need
to clearly outline their strategy for addressing the high cost of living, with
a particular focus on middle-income households burdened by tax obligations and
rising expenses. This strategy should encompass both income-based and
cost-based approaches.
And the implementation of employment creation programs to
boost income levels, as well as measures to control and reduce the cost of
essential goods and services.
“To improve food production and availability in the next
farming season, we recommend intensifying the sensitization and financial
support for the cultivation of a diverse range of crops beyond maize as well as
intensifying winter food production initiatives. By implementing sustainable
food systems, we can enhance food security, nutrition, and environmental care,”
JCTR
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