Inflation was 11.31% in February ― NBS

THE consumer price index, (CPI) which measures inflation increased by 11.31 per cent (year-on-year) in February 2019.

This is 0.06 per cent points lower than the rate recorded in January 2019 (11.37) 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 0.73 per cent in February 2019, this is 0.01 per cent rate lower than the rate recorded in January 2019 (0.74) per cent.

The percentage change in the average composite CPI for the twelve months period ending February 2019 over the average of the CPI for the previous twelve months period was 11.56 per cent, showing 0.24 per cent point from 11.80 per cent recorded in January 2019.

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The urban inflation rate increased by 11.59 per cent (year-on-year) in February 2019 from 11.66 per cent recorded in January 2019, while the rural inflation rate increased by 11.05 per cent in February 2019 from 11.11 per cent in January 2019.

On a month-on-month basis, the urban index rose by 0.76 per cent in February 2019, down by 0.01 from 0.77 per cent recorded in January 2019, while the rural index also rose by 0.71 per cent in February 2019, the same rate as was recorded in January 2019 (0.71) per cent.

The corresponding twelve-month year-on-year average percentage change for the urban index is 11.95 per cent in February 2019.

This is less than 12.20 per cent reported in January 2019, while the corresponding rural inflation rate in February 2019 is 11.23 per cent compared to 11.46 per cent recorded in January 2019.

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