The average inflation rate in December 2018 was 6.86 per cent, a slight increase compared with 6.66 per cent in November, according to the Consumer Price Index (CPI) and Inflation Rate by the Central Statistical Organisation (CSO).

The inflation rate was calculated using 2012 as a base year on the Consumer Price Index (CPI). According to the year-on-year inflation rate, was 6.85 per cent.

In December, Mandalay topped the list of inflation with 11.53 per cent, followed by Rakhine with 10.68 per cent and Magway with 9.66 per cent.

According to the year-on-year inflation rates, Magway region saw the biggest change with 10.53 per cent while Kayah State saw the least change with 4.34 per cent.

In November, 2012, the Central Statistical Organization conducted a household and consumption survey on 32,669 households in 82 townships nationwide to calculate the CPI and inflation rate. In the past, the inflation rate was calculated using 2006 as a base year. Now 2012 is used as a base year to calculate inflation rate.

Under the second five-year National Development Plan (from 2016-2017 to 2020-2021 FY), the government has planned to reduce the inflation rates through finance, monetary, trade and foreign currency policies.