The National Bureau of Statistics (NBS) on Tuesday disclosed that in January 2021, inflation rate rose to 16.47 per cent.
It was 15.75 per in December, which is an indication that the rate soared by 0.72 per cent in the period under review.
NBS made this known in its data titled: “Consumer Price Index January 2021(Base Period December 2009=100)”.
According to the report: “The consumer price index, (CPI) which measures inflation increased by 16.47 percent (year-on-year) in January 2021.
“This is 0.71 percent points higher than the rate recorded in December 2020 (15.75 percent). Increases were recorded in all COICOP divisions that yielded the Headline index.”
NBS noted the percentage change in the average composite CPI for the twelve months period ending January 2021 over the average of the CPI for the previous twelve months period was 13.62 percent, representing a 0.37 percentage point increase over 13.25 percent recorded in December 2020.
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