Inflation rate tumbles to 11.22% in June- NBS

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The National Bureau of Statistics (NBS) has said the nation inflation rate dropped by 0.18 per cent to 11.22 per cent in June from 11.40 per cent in May.

The bureau  in its Consumer Price Index, (CPI) report on Monday said, “Increases were recorded in all COICOP divisions that yielded the Headline index. On month-on-month basis, the Headline index increased by 1.07 per cent in June 2019, this is 0.04 per cent rate lower than the rate recorded in May 2019 (1.11) per cent.

“The percentage change in the average composite CPI for the twelve months period ending June 2019 over the average of the CPI for the previous twelve months period was 11.29 per cent, similar to the 11.29 per cent recorded in May 2019.

“The urban inflation rate increased by 11.61per cent (year-on-year) in June 2019 from 11.76 per cent recorded in May 2019, while the rural inflation rate increased by 10.87 per cent in June 2019 from 11.08 per cent in May 2019.

“On a month-on-month basis, the urban index rose by 1.10 per cent in June 2019, up by 0.05 from 1.15 per cent recorded in May 2019, while the rural index also rose by 1.05 per cent in June 2019, up by 0.02 from the rate recorded in May 2019 (1.07) percent.

“The corresponding twelve-month year-on-year average percentage change for the urban index was 11.65 per cent in June 2019. This is less than 11.66 per cent reported in May 2019, while the corresponding rural inflation rate in June 2019 was 10.99 per cent compared to 10.98 per cent recorded in May 2019.”

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