Inflation rate rose to 12.34% in April – NBS

The consumer price index, which measures inflation, increased by 12.34 percent (year-on-year) in April 2020.

The National Bureau of Statistics disclosed in its report on Consumer Price Index for April 2020, which was released on Thursday.

This is 0.08 percent points higher than the rate recorded in March 2020 (12.26 percent).

Increases were recorded in all COICOP divisions that yielded the headline index.

On a month-on-month basis, the headline index increased by 1.02 percent in April 2020.

This is 0.18 percent rate higher than the rate recorded in March 2020 (0.84 percent).

The percentage change in the average composite CPI for the 12 months period ending April 2020 over the average of the CPI for the previous 12 months period was 11.71 percent, showing 0.09 percent point rise from 11.62 percent recorded in March 2020.

The urban inflation rate increased by 13.01 percent (year-on-year) in April 2020 from 12.93 percent recorded in March 2020, while the rural inflation rate increased by 11.73 percent in April 2020 from 11.64 percent in March 2020.

On a month-on-month basis, the urban index rose by 1.06 percent in April 2020, up by 0.18 from 0.88 percent recorded in March 2020, while the rural index also rose by 0.98 percent in April 2020, up by 0.18 from the rate recorded in March 2020 (0.80) percent.

The corresponding twelve-month year-on-year average percentage change for the urban index is 12.26 percent in April 2020.

This is higher than 12.15 percent reported in March 2020, while the corresponding rural inflation rate in April 2020 is 11.20 percent compared to 11.14 percent recorded in March 2020.