November 2021 BNNB Statement

INCREASE IN THE MONETARY POLICY RATE MAY WORSEN LIVING CONDITIONS

The cost of living for a family of five as measured by the JCTR Basic Needs and Nutrition Basket (BNNB) for November 2021 stood at K8, 145.28. This is a K123.44 decrease from K8, 268.72 in October 2021. The downward movement in the basket is attributed to reduced prices of items such as 1kg Kapenta which went down by K56.76 from K290.63 to K233.87, 40kg of vegetables which went down by K14.83 from K438.62 to K423.79. Additional reductions were noted in the prices of 14kg of other fruits which reduced by K204.9 from K314.65 to K109.75. However, the November basket also recorded price increases in items such as 10 litres of milk which increased by K52.84 from K244.26 to K297.1, 1kg pounded groundnuts increased by K13.68 from K34.97 to K48.65, 2kg soya pieces increased from K113.68 to K126.46. Additionally, the non-food but essential items section also recorded an increase in a 90kg bag of charcoal from K360 to K378. Read more
​
kindly attribute the statement to Ms Muchimba Sarah Siamachoka- Manager Faith and Justice​