Average inflation rate up

Average inflation rate up
Foodstuff and personal goods at a city mart supermarket.
Foodstuff and personal goods at a city mart supermarket.
Published 23 September 2019

 

The average inflation rate has increased for 10 consecutive months in the 2018-2019 fiscal year, with the range between 1.53 per cent and 3.54 per cent, according to the figures released by the Ministry of Planning and Finance. 

The average inflation rate is expected to hit 4.81 per cent in 2018-2019 FY. The average inflation rate stood at 6.34 per cent in October, 6.66 per cent in November and 6.86 per cent in December, 2018 and 6.94 per cent in January, 7.07 per cent in February, 7.28 per cent in March, 7.51 per cent in April, 7.82 per cent in May, 8.08 per cent in June, and 8.35 per cent in July in 2019, according to the Central Statistical Organization (CSO). 

From April 2018 to July 2019, the average inflation rate was in the upward trend. In 2018-2019 FY, the year-on-year inflation rate is expected to hit 4.10 per cent and the average inflation rate, 4.81 per cent in 2018-2019 FY. 

Till July, 2019, the average inflation rate calculated based on the CPI, using 2012 as a base year was 8.35 per cent, and the year-on-year inflation rate, 10.87 per cent. 

In late July, Magway Region topped the list of average inflation rate with 12.43 per cent, followed by Mandalay Region with 9.96 per cent and Mon State with 9.91 per cent. 

In late July, Sagaing Region saw the biggest change in the average inflation rate, with 15.24 per cent while the Kachin State saw the least change with 4.18 per cent, according to the CSO.

In November, 2012, the CSO took a sample of 32,669 households in order to conduct a survey on household income and consumption in 82 townships nationwide. 

The average inflation rate was 8.08 per cent in June and 8.35 per cent in Jul