For the 15th consecutive month since January 2017, inflation rate recorded a decline in April from 13.34 per cent in March 2018 to 12.48 per cent (year-on-year), even as food prices remained high.
According to the latest figures released by the National Bureau of Statistics (NBS), the Consumer Price Index (CPI), which measures inflation stood at 12.48 per cent (year-on-year) in April 2018, indicating a 0.86 percentage points drop in the 13.34 per cent rate recorded in March 2018.
Also, on a month-on-month basis, the headline index increased by 0.83 per cent in April 2018, up by 0.01 percentage points from the rate recorded in March.
Increases were recorded in all Classification of Individual Consumption by Purpose (COICOP) divisions that yield the headline Index.
On a month-on-month basis, the headline index increased by 0.83 per cent in April 2018, down by 0.01 percentage points from the rate recorded in March 2018.
The percentage change in the average composite…
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