The average inflation rate in late October was 8.60 per cent, a slight decline compared with 8.61 per cent in late September, according to the figures released by the Consumer Price Index (CPI) and Inflation Rate by the Central Statistical Organisation (CSO).

Till September, 2019 since April, 2018, the inflation rate increased for 18 consecutive months. 

According to the average inflation rate calculated using 2012 as a base year, the year-on-year inflation rate was 8.72 per cent.

In late October, Magway Region topped the list of inflation with 12.40  per cent, followed by Sagaing Region with 11.53 per cent and Mandalay Region with 10.10 per cent. 

Ayeyawady Region saw the biggest change with 15.13 per cent while Kachin State, the least change with 1.90 per cent, according to the CSO. 

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.