CPI hits 154.56 pc in late June

CPI hits 154.56 pc in late June
Published 1 August 2019

Consumer Price Index (CPI) reached 154.56 per cent in late June, up 9.51 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).

According to the calculations using 2012 as the base year, the CPI for food group hit 170.65 per cent with the non-food group, reaching 131.92 per cent. An increase in the CPI is due to a significant increase in commodity prices.

According to the same calculation, the CPI increased from 141.13 per cent in June to 148.95 per cent in November last year. In late June, all regions and states saw a slight increase in the CPI. Mon State saw the highest with 1.44 per cent and Sagaing Region, the lowest with 0.03 per cent.

In November, 2012, the CSO conducted a household income and consumption survey on 32,669 households in 82 townships across the country. The survey covered 438 goods and services.

For the calculation of CPI, the CSO took samples from 274 items—108 for the food group and 166 for the non-food group.

In late June, the average inflation rate was 8.08 per cent and the year-on-year inflation, 9.51 per cent.