The average inflation rate accounted for 6.66 % in November and it also continued rising a little in October. The inflation rate increased for eight consecutive months during this year, said a source of Central Statistics Organisation.

The average inflation rate remained 6.66 % until November in 2018. The October inflation rate accounted for 6.34 %. In comparison with these two figures, the inflation rate rose back. From April to November, the inflation rate increased for eight consecutive months.

The inflation rate based on the calculation in 2012 accounted for 6.66 % until November 2018. The year-on year inflation accounted for 8.33 %. 

During November in 2018, Mandalay reached at the top of inflation chart with 11.50 %, followed by Rakhine State with 10.78 % and Magway with 9.11 %. 

During November in 2018, Magway Region reached at the top of year-on-year inflation chart with 12.36 %, followed by Ayeyawady Region with 4.82 %. 

The CSO conducted a poll on household income and consumption in 82 townships during 2012 November in order to calculate consumer indexes and inflation. The poll sought data from 32,669 households. 

The inflation calculation was based on 2006 in the past. Now is the different matter and it is based on 2012. It is the base year. 

The inflation rate saw a progress in the first short-term of five year project from 2011-2012 to 2015-2016 FY. The inflation rate continued rising in the second short-term five year project from 2016-2017 to 2020-2021 FY. 

To be able to control the inflation rate, it is necessary to deal with the matters relating to financial policy, monetary policy, trade policy and foreign currency policy.

Based on 2006, the inflation rate accounted for 2.82 % in 2011-2012 FY, 2.85 % in 2012-2013 FY, 5.72 % in 2013-2014 FY and 5.90 % in 2014-2015 FY respectively. 

Translated and Edited by Win Htut