CardinalStone Research: EcoNews Flash - Headline inflation climbs in December on prolonged border closure

CardinalStone Research: EcoNews Flash - Headline inflation climbs in December on prolonged border closure
(Source: Cardinal Stone Research, Date: 16-Jan-2020)

Headline inflation climbs in December

17 January 2020

Good Morning,

ï»¿

Just out - Inflation figures for December 2019 released by the National Bureau of Statistics (NBS). Headline inflation advanced by 14 bps to 11.98% as the effects of border closures continue to weigh on food prices.

Â· Food inflation rose by 19 bps to print 14.67% YoY (November 2019: 14.48% YoY)

Â· Core inflation advanced by 34 bps to 9.33 % YoY (November 2019: 8.99% YoY)

Â· Urban inflation rose by 15 bps to 12.62% YoY. Similarly, Rural inflation climbed by 11 bps 11.41% YoY

Kindly click the link for the full report from the NBS.

Regards,

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