Inflation Surges To 12.20% in February
The consumer price index, (CPI) which measures inflation increased by 12.20 percent (year-on-year) in February 2020, moving up by 0.07 percent points higher than the rate recorded in January 2020 which stood at 12.13 percent.
The NBS cpi report released Tuesday, showed ttha .on month-on-month basis, the Headline index increased by 0.79 percent in February 2020. This is 0.08 percent rate lower than the rate recorded in January 2020 (0.87) percent.
The report showed that the percentage change in the average composite CPI for the twelve months period ending February 2020 over the average of the CPI for the previous twelve months period was 11.54 percent, showing 0.08 percent point from 11.46 percent recorded in January 2020.
The report showed that, urban inflation rate, year- on -year, increased by 12.85 percent in February 2020 from 12.78 percent recorded in January 2020, while the rural inflation rate increased by 11.61 percent in February 2020 from 11.54 percent in January 2020.
On a month-on-month basis, the urban index rose by 0.82 percent in February 2020, up by 0.10 from 0.92 percent recorded in January 2020, while the rural index also rose by 0.76 percent in February 2020, down by 0.07 from the rate recorded in January 2020 , when it posted 0.83 percent.
The corresponding twelve-month year-on-year average percentage change for the urban index is 12.03 percent in February 2020. This is higher than 11.92 percent reported in January 2020, while the corresponding rural inflation rate in February 2020 is 11.09 percent compared to 11.04 percent recorded in January 2020.
The percentage change in the average composite CPI for the twelve months period ending February 2020 over the average of the CPI for the previous twelve months period was 11.54 percent, showing 0.08 percent point from 11.46 percent recorded in January 2020.
The urban inflation rate increased by 12.85 percent (year-on-year) in February 2020 from 12.78 percent recorded in January 2020, while the rural inflation rate increased by 11.61 percent in February 2020 from 11.54 percent in January 2020.
The composite food index during the period, rose by 14.90 percent in February 2020 compared to 14.85 percent in January 2020. This rise in the food index was caused by increases in prices of Bread and Cereals, Fish, Meat, Vegetables, and Oils and fats.
On a month-on-month basis, the food sub-index increased by 0.87 percent in February 2020, down by 0.12 percent points from 0.99 percent recorded in January 2020.
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