Inflation: NBS Says Rate Rises To 11.98% In December, From November’s 11.85% - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
January 18, 2020
TheNational Bureau of Statistics, NBS says the cost of food items as beingresponsible for the 11.98 per cent increase in inflation rate  forDecember, 2019, 0.13 percent points higher than the 11.85 percent rate recordedin November 2019.
Thefoodstuffs include:bread and cereals, meat, fish, oils and fats. Others arepotatoes, yam and other tubers.
On a month-on-month basis, the food sub-index increased by 0.97 percent inDecember 2019, down by 0.28 percent points, from 1.25 per cent recorded inNovember 2019.
Theaverage annual rate of change of the food sub-index for the 12-month periodending December 2019 over the previous twelve-month average was 13.74 percent,0.09 percent points in November 2019, at 13.65 percent.
NBSalso added that increases were recorded in all ‘Classification of IndividualConsumption by Purpose’ divisions that yielded the headline index, adding thaton a month-on-month basis, the headline index increased by 0.85 percent inDecember 2019.