Wednesday, 14 February 2018

Inflation rate drops to 15.1% in January – NBS

Inflation rate drops to 15.1% in January – NBS
The National Bureau of Statistics on Wednesday released the Consumer Price Index which measures inflation with the rate dropping by 0.24 % basis from 15.37 % in December to 15.13 in January. The bureau in the report made available to our correspondent said this is the twelfth consecutive months that the index would be declining.
On a month-on-month basis, the bureau said the Headline index increased by 0.80 % in January 2018, adding that this is 0.21 % points higher from the rate of 0.59 % recorded in December 2017.
The report reads in part, “The Consumer Price Index which measures inflation started the year 2018 increasing by 15.13 % year-on-year in January 2018. “This was 0.24 % points lower than the rate recorded in December (15.37 %) making it the twelfth consecutive slowdown in the inflation rate though still positive in headline year on year inflation since January 2017.”

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