Inflation eases to 21.34% in December 2022

The inflation rate eased by 0.13% in December 2022 from 21.47% in November 2022 to 21.34% in December 2022.

It was the first time that the rate was reduced in the last 11 months.

The National Bureau of Statistics (NBS) broke the news in its “CPI December 2022 Report” on Monday.

The document said: “In December 2022, the headline inflation rate eased to 21.34% compared to November 2022 headline inflation rate which was 21.47%.

Looking at the trend, December 2022 inflation rate showed a decline of 0.13% when compared to November 2022 inflation rate.”

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