Issuing the National Consumer Price Index (NCPI), for the month of September 2019, the Director General of Census and Statistics said that headline inflation as measured by the Year-on-Year change, (The percentage change in the current month NCPI over same month NCPI of last year) based on the NCPI has been compiled as 5%.
The headline inflation reported for the month of August 2019 was 3.4%. Contributions to the inflation rate of September 2019 from food group and non-food group are 2.1% and 2.9% respectively. Whilst contributions of food and non-food groups to the inflation in September 2018 were -1.9% and 2.8% respectively, resulting in a headline inflation of 0.9%.
With respect to September 2018, the reported increase in percentage of food group was mainly due to higher price levels prevailed in this month of September 2019, particularly prices of fresh fish, vegetables, big onions, milk powder, potatoes, limes, rice and green chilies.
Comparing the month-on-month changes, NCPI in September 2019 has increased to 130.6 from 129.7 reported in August 2019. This shows an increase of 0.9 index points or 0.7 percentage as compared to August 2019. nge was contributed by increases of index values of food items by 0.68% and nonfood items by 0.03% respectively.
Core inflation, which reflects the underlying inflation by excluding volatile items of food, energy and transport groups in the economy as measured by the Year-on-Year change based on NCPI for the month of September 2019 has declined to 5.6% from 5.9% in August 2019.
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