The consumer price index (CPI), which measures the rate of change in prices of goods and services, surged to 20.77 percent in September 2022, up from 20.52 percent in the previous month.
The bureau said the rate is 4.14 percent points higher compared to 16.63 percent recorded in September 2021, indicating an increase in September 2022.
“This means that in the month of September 2022, the headline inflation rate declined by 0.41 percent, relative to August 2022. “On a year-on-year basis, in the month of September 2022, the urban inflation rate was 21.25 percent, which was 4.06 percent higher compared to the 17.19 percent recorded in September 2021.
“The corresponding twelve-month average for the urban inflation rate was 17.94 percent in September 2022. This was 0.53 percent higher compared to the 17.41 percent reported in September 2021.”
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