The National Bureau of Statistics (NBS), on Thursday said consumer price index or inflation rate rose by 18.48% Year-on-Year in November, from 18.33% a month earlier.
On a Month-on-Month basis it was up 0.78%, slower than the previous 0.83%, while food inflation climbed by 17.2%, as against 17.1% YoY, buoyed by increases in the prices of bread and cereals; oil and fats; fish and meat.
Core inflation for the period under review stood at 18.2% from 18.1%, helped by the rise in the prices of clothing, books, liquid fuel, passenger and air transport, shoes and foot wears.
Urban inflation stood at 20.11% Yoy from 19.9%; while in rural areas, it increased from 16.6% in October, to 17.1%.
According to its breakdown, the bureau further attributed the 0.1% rise in The Food Sub Index in November to all major food sub-indexes “with soft drinks recording the slowest pace of increase at 7.76% year on year.
“Price movements recorded by the All Items less farm produce or Core sub-index rose by 18.20 percent (year-on-year) in November, up by 0.10 percentage points from rates recorded in October (18.10 percent).
“During the month, the highest increases were seen in Housing, Water, Electricity, Gas and Other Fuels, Clothing materials and other articles of clothing, books, liquid fuel, passenger transport by air, motor cycles and shoes and other footwear,” according a statement on the bureau’s website.
“The ‘’All Items less Farm Produce’’ or Core sub-index, which excludes the prices of volatile agricultural produce increased by 18.20 percent during the month, 0.10 percentage points lower from the rate (18.10) recorded in October as all key divisions which contributes to the index increased.”
“The highest price increases were reported in housing, water, electricity, gas and other fuels, clothing materials and other articles of clothing, books, liquid fuel, passenger transport by air, motor cycles and shoes and other footwear.”
The NBS put average 12-month annual rate of rise of the index at 14.54%, 0.79% points higher from the twelve-month rate of change recorded in October