Cost of living in Lusaka reduces In May -JCTR

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BUUMBA CHIMBULU writes

@SunZambia

THE Lusaka basic needs basket for the month of May reduced by K61.83 due to reductions of mealie meal prices, the Jesuits Centre for Theological Reflection (JCTR) has said.

JCTR indicated that the basic needs basket for the month of May reduced by K61.83 to K 5,457.64 from K 5,519.47 in April 2019.

The centre said in its report that the drop in the May Basket was largely due to reductions recorded in the prices of mealie meal, Kapenta and dark green vegetables.

JCTR explained that the decrease in the price of Kapenta and dark green vegetables was attributed to an increase in the supply of the two commodities on the market.

It however said the cost of living was still high for many households.

“After incessant calls and appeals from the Government, the price of Mealie meal reduced from K103 in April to K100 in May per 25kg bag of breakfast Mealie meal.

“The price of Kapenta reduced from K208 in April to K190 per Kg, a reduction of K18 and the price of dark green vegetables reduced from K10 to K6 per kg. Some increases were recorded in the prices of beef and cooking oil,” said the centre.

The price of beef, said the centre, however increased to K39 in May from K36 in April while prices of cooking oil increased to K51 per 2.5 Litres in May from K47 in April.

The centre said “whilst depreciation of the Kwacha negatively affected and influenced the price of imports including cooking oil. Due to the outbreak of Foot and Mouth Disease, all imports of livestock have been temporarily banned, thereby causing a rise in beef product costs.”

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