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Inflation remains 6.3% in July 2017

2017-Aug-22 by  News Admin  

The overall rate of inflation as measured by the National Consumer Price Index (NCPI) on year on year basis was 6.3% in July 2017.

The inflation remained at 6.3% in July, unchanged from June 2017. Year on year inflation of food group reported for the month of July 2017 was 8.2% while that for non food group was 4.7%.

On year on year basis, contribution of food commodities to inflation was 3.66 percent in July 2017 compared to July 2016.Contribution of non food items was 2.56 percent. This was mainly due to expenditure value increases in ‘transport’ (0.53%), ‘miscellaneous goods and services’ (0.52%), ‘alcoholic beverages, tobacco and narcotics’ (0.46%), ‘furnishing household equipment and routine household maintenance’ (0.20%), ‘health’ (0.18%), ‘communication’ (0.17%), ‘housing, water, electricity, gas and other fuels’ (0.15%), ‘education’ (0.12%) and ‘clothing and footwear’ (0.11%). The moving average inflation for the month of July 2017 is 6.2%. The corresponding rate for the month of June 2017 was 6.1%.

Sources : dailynews

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