The National Bureau of Statistics, NBS says the cost of food items as being responsible for the 11.98 per cent increase in inflation rate for December, 2019, 0.13 percent points higher than the 11.85 percent rate recorded in November 2019.
The foodstuffs include:bread and cereals, meat, fish, oils and fats. Others are potatoes, yam and other tubers.
On a month-on-month basis, the food sub-index increased by 0.97 percent in December 2019, down by 0.28 percent points, from 1.25 per cent recorded in November 2019.
The average annual rate of change of the food sub-index for the 12-month period ending December 2019 over the previous twelve-month average was 13.74 percent, 0.09 percent points in November 2019, at 13.65 percent.
NBS also added that increases were recorded in all ‘Classification of Individual Consumption by Purpose’ divisions that yielded the headline index, adding that on a month-on-month basis, the headline index increased by 0.85 percent in December 2019.
