Headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100) increased to 3.4 per cent in August 2019 from 2.2 per cent in July 2019. The low base that prevailed in the corresponding month of the previous year and the monthly increases of prices of items in both Food and Non-food categories contributed to this increase. Meanwhile, in August 2019, year-on-year Food and Non-food inflation recorded 0.6 per cent and 5.6 per cent respectively.
Published Date:
Monday, September 23, 2019