Inflation rate rises to 12.13% in January

The Consumer Price Index (CPI) which measures inflation increased by 12.13 percent year-on-year in January 2020.

The National Bureau of Statistics (NBS) made this known in its report on Inflation released on Tuesday.

It stated that this increase was 0.15 per cent points higher than the rate recorded in December 2019, which was 11.98 per cent.

The bureau explained that the increases were recorded in all Classification of Individual Consumption by Purposes (COICOP) divisions that yielded the headline index.

According to NBS, month-on-month basis, the headline index increased by 0.87 per cent in January 2020 and this is 0.02 per cent rate higher than the rate recorded in December 2019, which was 0.85 per cent.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.