Inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI) increased to 6.3 per cent in June 2020 from 5.2% in May 2020. This was mainly driven by the monthly increase in prices of items in the Food category.
Accordingly, Food inflation (Y-o-Y) increased to 13.6% in June 2020 from 11.1% in May 2020, while Non-food inflation (Y-o-Y) remained unchanged at 0.8 per cent in June 2020.
The change in the NCPI measured on an annual average basis increased to 5.6 per cent in June 2020 from 5.2% in May 2020.
Monthly change of NCPI recorded at 1.4% in June 2020 mainly due to increases observed in prices of items in the Food category.
Accordingly, within the Food category, prices of seven food items including vegetables, sugar, fresh fish, eggs and rice increased significantly during the month.
Further, core inflation (Y-o-Y) increased to 4.4% in June 2020 from 3.7 per cent in May 2020, while annual average core inflation decreased to 4.6% in June 2020 from 4.8 per cent in May 2020.
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