Inflation rate drops to 15.37% in December – NBS

The National Bureau of Statistics has released the Consumer Price Index (CPI) which measures inflation with the rate dropping from 15.90 percent in November to 15.37 per cent in December.
The drop of 0.53 percent points recorded in December makes it the eleventh consecutive slowdown in the inflation rate.
The report, released on Tuesday, said that the urban inflation rate rose by 15.78 per cent year-on-year, in December, from 16.27 per cent recorded in November, while the rural inflation rate also eased by 15.02 per cent, in December from 15.59 per cent in November.
On a month-on-month basis, the urban index rose by 0.66 per cent in December, down by 0.19 from 0.85 per cent recorded in November, while the rural index rose by 0.54 per cent in December, down by 0.18 when compared with 0.72 per cent in November.
Food prices also dropped to 19.42% from 20.30% and core to 12.10% from 12.20%

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