High prices of food items push inflation to 12.40% in May – NBS vanguardnews
The National Bureau of Statistics, NBS says the rise in the prices of Bread and cereals, Potatoes, Yam and other tubers, Oils and fats, Fruits, Fish and Meat pushed the inflation rate to 12.40% in May.
On month-on-month basis, the Headline index increased in the months under review by 1.17 percent, this is 0.15 percent rate higher than the rate recorded in April 2020 percent.The urban inflation rate in the period increased by 13.03 percent from 13.01 percent recorded in April 2020, while the rural inflation rate increased by 11.83 percent in May 2020 from 11.73 percent in April 2020.
The percentage change in the average composite CPI for the twelve months period ending May 2020 over the average of the CPI for the previous twelve months period was 11.79 percent, showing 0.08 percent point from 11.71 percent recorded in April 2020. On month-on-month basis, the food sub-index increased by 1.42 percent in May 2020, up by 0.24 percent points from 1.18 percent recorded in April 2020.
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