Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) decreased to 65.0% in November 2022 from 70.6% in October 2022. Similarly, the Food inflation (Y-o-Y) decreased to 69.8% in November 2022 from 80.9% in October 2022, while Non-Food inflation (Y-o-Y) decreased to 60.4% in November 2022 from 61.3% in October 2022.
The decline in the monthly change of the NCPI observed in October 2022 continued in November 2022 recording 0.27%. This was mainly contributed by the monthly decrease of the prices of the items in the Food category, which amounted to 0.49%. Accordingly, within the Food category, significant decreases were observed in prices of Fresh Fish, Sugar, Rice, Dry Fish and Chicken. Nevertheless, the contrbution from the Non-food category was 0.23% in November 2022 driven by the price increases observed in Clothing and Footwear, Health (Payments to Private Hospitals/Nursing Homes), Furnishing, Household Equipment and Routine Household Maintenance, and Miscellaneous Goods and Services sub-categories during the month. However, Transport (Petrol) and Housing, Water, Electricity, Gas and Other Fuels (Materials for Maintenance) sub-categories decreased in November 2022.