Inflationary Trend Keeps Rising At 12.13 Percent January, 2020, Says NBS

The National Bureau of Statistics (NBS) has disclosed that the nation’s inflationary trend is on consistent rise, showing that for the month of January, 2020, the Consumer Price Index hit all time high at 12.13 per cent year on year.

According to NBS report, “The consumer price index, (CPI) which measures inflation increased by 12.13 percent (year-on-year) in
January 2020.

“This is 0.15 percent points higher than the rate recorded in December 2019 (11.98)
percent.

“On month-on-month basis, the Headline index increased by 0.87 percent in January 2020, this is 0.02 percent rate higher than the rate recorded in December 2019 (0.85) percent.

“The percentage change in the average composite CPI for the twelve months period ending January 2020 over the average of the CPI for the previous twelve months period was 11.46 percent, showing 0.06 percent point from 11.40 percent recorded in December 2019.

“The corresponding twelve-month year-on-year average percentage change for the urban index is 11.92 percent in January 2020.

“This is higher than 11.83 percent reported in December 2019, while the corresponding rural inflation rate in January 2020 is 11.04 percent compared to 11.00 percent recorded in December 2019.”

Also, the trend in urban inflation is on the rise.

The NBS Report showed that “The urban inflation rate increased by 12.78 percent (year-on-year) in January 2020 from 12.62 percent recorded in December 2019, while the rural inflation rate increased by 11.54 percent in January 2020 from 11.41 percent in December 2019.

“On a month-on-month basis, the urban index rose by 0.92 percent in January 2020, up by 0.02 from 0.90 percent recorded in December 2019, while the rural index also rose by 0.83 percent in January 2020, up by
0.01 from the rate recorded in December 2019 (0.82) percent.”
.