Inflation rate drops to 11.26% in October – NBS
The country’s inflation rate dropped by 0.02% from 11.28% in September to 11.26% in October, the National Bureau of Statistics (NBS) has said.
This followed the release of the Consumer Price Index Report on Wednesday by the NBS.
The Consumer Price Index measures inflation rates.
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According to the NBS, year-on-year, the 11.26 per cent represents a decline of 0.02 percentage points
It also said that the urban inflation rate increased by 11.64 per cent year-on-year in October 2018 from 11.70 per cent recorded in September while the rural inflation rate increased to 10.93 per cent in October from 10.92 per cent in September.
For the month-on-month basis, the NBS report showed that the urban index rose by 0.76 per cent in October, from 0.86 per cent recorded in September, just as the rural index also rose by 0.72 per cent in October, down from the 0.82 per cent rate recorded in September.
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