Wednesday, May 22, 2019

Inflation up in April

Headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100) increased to 3.6 per cent in April 2019 from 2.9 per cent in March 2019 due to the monthly increases of prices of items in both food and non-food categories.

Meanwhile, in April 2019, year-on-year food inflation was -1.2 per cent while non-food inflation continued its increasing trend for the fourth consecutive month recording a 7.5 per cent in the current month.

The change in the NCPI measured on an annual average basis increased to 1.9 per cent in April 2019 from 1.7 per cent in March 2019. When monthly change is considered, the NCPI increased by 0.7 per cent in April 2019 with the increases observed in the prices of the items in both food and non-food categories. Within the food category, prices of vegetables, milk powder, potatoes, fresh fish, limes and big onions recorded notable increases. Consequently, within the non-food category, prices of the items in alcoholic beverages and tobacco; transport; miscellaneous goods and services; health; and clothing and footwear sub-categories increased during the month. Source: Department of Census and Statistics

Author:

0 comments: