The National Bureau of Statistics on Friday released the Consumer Price Index which measures inflation. The index dropped to 11.37 per cent in January 2019.
The bureau in the report said the 11.37 per cent inflation rate for January is 0.07 percentage points lower than the 11.44 per cent which the country recorded in December.
The report reads in part, “The consumer price index, which measures inflation increased by 11.37 per cent year-on-year in January 2019.
“This is 0.07 per cent points lower than the rate recorded in December 2018 (11.44 per cent).”
The report stated that on a month-on-month basis, the index increased by 0.74 per cent in January 2019, the same rate as was recorded in December 2018.
The report stated that urban inflation rate increased by 11.66 per cent year-on-year in January 2019 from 11.73 per cent recorded in December 2018.
It added that the rural inflation rate increased by 11.11 per cent in January 2019 from 11.18 per cent in December 2018.
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