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Inflation is climbing

Latest figures from the Department of Census and Statistics (DC&S) indicate that the country’s inflation is climbing.

The DC&S says the National Consumer Price Index for the last month was at 8.6 per cent. It was 7.9 percent in the previous month.

The increase of prices of rice, coconuts, red onions, big onions, sugar, lime, banana and papaw has resulted in an increase in the expenditure value of food items, the DC&S notes.

The contribution to the inflation from food group was 6.1 per cent while that from the non-food group was 2.6 per cent in September, this year. In September 2016 the corresponding figures were at 2.1 per cent and 2.7 per cent respectively.

Compared to month-on-month changes, NCPI in September has increased to 123.3 from 122.3 in August.

The price increases in groups of alcoholic beverages, tobacco and narcotics, education, clothing and footwear, miscellaneous goods and services and furnishing and household equipment and routine household maintenance have resulted in the increase in expenditure values of non-food items.

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