Sunday, September 27, 2020

Inflation goes up second month running

The national year-on-year inflation went up slightly in January following on the figures recorded in the month of December, Central Statistics Office data showed on Monday.

Data from CSO showed that consumer inflation went up 0.3 percent from to 6.1 percent from 5.8 percent recorded in December.

The jump is the second in three months as inflation has been declining with a positive outlook that allowed the authorities to cut rates to lowest in times.

According to CSO, the rural villages’ inflation rate fell to 5.1 percent from 5.4 percent between the two periods while the urban villages’ inflation rate went up by 0.2 of a percentage point from 5.7 percent to 5.9 percent.
The cities & towns’ inflation rate rose by 0.6 of a percentage point from 6.1 percent in December 2009 to 6.7 percent in January 2010.

“Only one group index, Education, recorded a change of more than 1.0 percent between December 2009 and January 2010. The group index registered an increase of 5.8 percent.

The Education group index moved from 113.8 to 120.4, registering an increase of 5.8 percent between December 2009 and January 2010,” the CSO said.
The rise was mainly attributed to increases in the private secondary, pre-primary and primary education school fees.

On the other hand, the transport group index went up by 0.8 percent from 119.6 to 120.6 between December 2009 and January 2010.

This was largely due to an increase in the constituent section index of Purchase of Vehicles (2.7 percent), the CSO said.

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Sunday Standard September 27 – 3 October

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