The consumer price index, (CPI) which measures inflation increased by 12.40 percent (year-on-year) in May 2020.National Bureau of Statistics (NBS)...
National Bureau of Statistics made this known on it website on Wednesday.
The report said on month-on-month basis, the Headline index increased by 1.17 percent in May 2020, this is 0.15 percent rate higher than the rate recorded in April 2020 percent.recorded in April 2020, while the rural inflation rate increased by 11.83 percent in May 2020 from 11.73“On a month-on-month basis, the urban index rose by 1.18 percent in May 2020, up by 0.12 points from 1.06 percent recorded in April 2020, while the rural index also rose by 1.16 percent in May 2020, up by 0.
“This rise in the food index was caused by increases in prices of Bread and cereals, Potatoes, Yam and other“The average annual rate of change of the Food sub-index for the twelve-month period ending May 2020
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