The latest statistics released by the National Bureau of Statistics, NBS, on Tuesday, pointed to further upsurge in food inflation even as headline inflation rate declined marginally for the third consecutive month in April 2017 to 17.24 percent, from 17.26 percent recorded in March.
On a monthly basis, however, the report noted that the headline index dropped by 12 basis points (bps) to 1.60 percent in April, from 1.72 percent recorded in March. “The Consumer Price Index, CPI, which measures inflation increased by 17.24 percent (year-on-year) though at a slower pace in April 2017, 0.02 percent points lower from the rate recorded in March (17.26) percent,” NBS stated.
But the report explained that the top items that recorded the highest increases between April 2016 and 2017 across all the divisions were Solid Fuels, Bread and Cereals, Meat, Liquid Fuels, Clothing materials, other articles of clothing and clothing accessories, and Fish.
