CPI hits 142.91 pc in July

Writer: 
Min Thiha Zaw
A market in Yangon.

 

Consumer Price Index (CPI) in July reached 142.91 per cent, up 7.56 per cent compared with the same period last year, according to the report on the CPI and inflation rate issued by the Central Statistical Organization (CSO) at the Ministry of Planning and Finance.

According to the calculation using 2012 as a base year, the CPI for the food group hit 155.54 per cent and the non-food group, 125.12 per cent.

According to the calculation using 2012 as a base year, the CPI hit 132.42 per cent in May, 2017, 139.51 per cent in late February, 139.11 per cent in late March, 139.82 per cent in late April and 141.13 per cent in late June.

In late July, Chin and Shan States saw a slight decline in the CPI while the rates increased in the remaining regions and states and three major cities, according to the CSO.

In November, 2012, the CSO conducted a household income and consumption survey on 32,669 households in 82 townships across the country. The CSO took samples from 438 goods and services. The calculation of CPI covers 274 items—108 in the food group and 166 in the non-food group.

According to the calculation using 2012 as a base year, the average annual inflation rate was 5.02 per cent in late July and and the year-on-year inflation rate was 7.56 per cent.