KNBS released the Consumer Price Indices (CPI) and rates of inflation for October, 2016 and things are not that well. For the third month in a raw the rate of inflation rose again. Back in August this year the rate of inflation stood at 6.26 percent. A month later the rate rose to 6.34 percent. Well this month things are not that different.
The overall inflation rate stood at 6.47 percent for the month just ended October, 2016. On the other hand, the CPI increased by 0.62 percent from 171.56 in September 2016 to 172.62 in October 2016.
The table below highlights the rate of inflation on different products.
|Broad Commodity Group||CPI Weight||% Change on last month (October 2016/September 2016)||% Change on same month of previous year (October 2016/October 2015)|
|Food & Non-Alcoholic Beverages||36.04||0.96||11.03|
|Alcoholic Beverages, Tobacco &
|Clothing & Footwear||7.43||0.55||4.17|
|Housing, Water, Electricity, Gas
and other Fuels
Equipment and Routine
|Recreation & Culture||2.25||0.08||4.34|
|Restaurant & Hotels||4.48||0.22||5.60|
|Miscellaneous Goods & Services||4.52||0.25||3.90|