News

September sees a dip in inflation levels

The month of September recorded a dip in inflation levels including the food and non-food categories with low prices recorded in some food items and other products, as recorded by the Year on Year (Y-O-Y) change in the National Consumer Price index (NCPI).

The Y-O-Y food inflation for food items dropped to 10% from the 11.1% recorded in August, while non food item level inflation remained unchanged at 3% for the month of September.

The figures recorded in September and August of 2020 were drastically different at 6.7% and 6.2% respectively.

The NCPI measured on an annual average basis stayed unchanged at 5.5% in September.

Further, the monthly change in the NCPI was recorded at 0.25% in September due to increases observed in prices of both food and non-food items.

Moreover, monthly changes in the food and non-food items were recorded at 0.07% and 0.18% respectively.

Y-O-Y core inflation increased to 4.8% in September 2021 from 4.7% in August 2021, while average core inflation remained unchanged for the 6th consecutive month at 4.4% in September.