The average inflation rate in late October was 6.34 per cent, a slight increase compared to 5.94 per cent in September, according to the figures released by the Central Statistical Organization.

The average inflation rate has been increasing for seven consecutive months from April to October, 2018. The year-on-year inflation rate is at 8.85 per cent.

In late October, Mandalay topped the list of inflation with 11.33 per cent, followed by Rakhine with 10.76 per cent and Magway with 8.37 per cent.

Rakhine State saw the biggest change with 13.35 per cent and the least change with 4.76 per cent.

In November, 2012, the CSO conducted a household income and consumption survey on 32,669 households in 82 townships across the country. In the past, 2006 was used as a base year to calculate inflation rate. Now the inflation rate is calculated using 2012 as a base year.

According to inflation rates calculated using 2006 as a base year, the average annual inflation rate in the 2011-12 financial year was 2.82 per cent, 2.85 per cent in 2012-13, 5.72 per cent in 2013-14 and 5.90 per cent in 2014-15.

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.