October 2024 Basic Needs and Nutrition Basket Statement: Towards Economic Resilience and Building Sustainable Initiatives
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Date
2024-11-06Author
Musonda, Lukwesa
Type
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Abstract
The Jesuit Centre for Theological Reflection (JCTR) published an analysis of the October 2024 Basic Needs and Nutrition Basket (BNNB), revealing a slight reduction in the cost of living in Lusaka. The BNNB stands at K10,408.84, a decrease of K69.16 from September, attributed to lower fruit prices driven by seasonal mango availability. Despite this reduction, the overall cost of living remains disproportionately high compared to average household income, intensifying financial hardships, especially for families dealing with escalating non-food expenses.
The report highlights ongoing economic challenges exacerbated by prolonged load-shedding, affecting productivity and consumer demand. To mitigate these issues, JCTR commends the government for approving emergency electricity tariffs and urges efficient implementation to stabilise energy supply. The Centre also recommends enhancing social protection programmes with transparent practices to aid vulnerable populations and advocates for a minimum wage review to align with the current economic reality, especially in light of drought impacts.
JCTR emphasises the need for collective action among stakeholders, promoting transparency, inclusive policies, and active citizen engagement to address the cost-of-living crisis and ensure dignified living conditions for all Zambians.