Inflation rises by 0.16 to 11.44% in December

THE consumer price index, (CPI) which measures inflation increased by 11.44 per cent (year-on-year) in December 2018.

This is 0.16 per cent points higher than the rate recorded in November 2018 (11.28) per cent.

Increases were recorded in all COICOP divisions that yielded the Headline index.

On a month-on-month basis, the Headline index increased by 0.74 per cent in December 2018, up by 0.06 per cent points from the rate recorded in November 2018 (0.80) per cent.

The percentage change in the average composite CPI for the twelve months period ending December 2018 over the average of the CPI for the previous twelve months period was 12.10 per cent, showing 0.31 per cent point from 12.41 per cent recorded in November 2018.

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The urban inflation rate increased by 11.73 per cent (year-on-year) in December 2018 from 11.61 per cent recorded in November 2018, while the rural inflation rate increased by 11.18 per cent in December 2018 from 10.99 per cent in November 2018.

On a month-on-month basis, the urban index rose by 0.76 per cent in December 2018, down by 0.07 from 0.83 per cent recorded in November 2018, while the rural index also rose by 0.72 per cent in December 2018, down by 0.06 per cent from the rate recorded in November 2018 (0.78) per cent.

The corresponding twelve-month year-on-year average percentage change for the urban index is 12.51 per cent in December 2018.

This is less than 12.83 per cent reported in November 2018, while the corresponding rural inflation rate in December 2018 is 11.75 per cent compared to 12.05 per cent recorded