Lusaka, 17 May, 2022 / 3:32 pm (ACI Africa).
Jesuit scholars in Zambia have said that while the country’s currency has generally stabilized, the cost of living remains “out of the reach of many” in the Southern African nation.
In their Monday, May 16 Basic Needs and Nutrition Basket (BNNB) statement outlining the cost of living for April 2022, officials of the Jesuit Center for Theological Reflection (JCTR) officials say the total food costs for last month have decreased by a larger margin in comparison to the non-food cost.
JCTR officials add that the Zambian Kwacha, which was under immense pressure in 2020, given a weakening macroeconomic environment worsened by the COVID 19 pandemic, has broadly stabilized in 2022.
“We commend the government for this achievement,” they say.
The Jesuit scholars however regret the fact the cost of living has remained “out of the reach of many households that continue to compromise their standards of living given this state of affairs.”