The National Bureau of Statistics (NBS) in its released report for June said the country’s inflation has further dropped to 16.10% as against 16.25% in May.
The NBS disclosed this in its Consumer Price Index (CPI) June 2017 report released on Monday.
According to the NBS report as stated on its site, The New Diplomat gathered that this is the fifth consecutive decline in the rate of inflation since January.
This, it stated was 0.15 per cent points lower than the rate recorded in May -16.25 per cent.
On a month-on-month basis, the bureau stated that the Headline index increased by 1.58 per cent in June 2017, 0.30 per cent points lower than the rate of 1.88 per cent recorded in May 2017.
It stated that month on Month inflation had cumulatively risen by 9.28 per cent since January 2017.
The bureau stated that the Food Index increased by 19.91 per cent (year-on-year) in June 2017, down by 0.64 per cent points from the rate recorded in May (19.27 per cent), indicating continued pressure in food prices.
It stated that Price movements recorded by All Items less farm produce or Core sub-index rose by 12.50 per cent (year-on-year) in June, down by 0.50 per cent points from rate recorded in May (13.00) per cent.
This, the bureau stated represented the 8th straight month of decline in the core index since November 2016.
