Monday, 18 January 2016

Importation of food items increases inflation

The importation of food items has pushed inflation in the country from 9.4 % to 9.6 %. The National Bureau of Statistics made this known on Sunday after releasing the consumer price index for the month of December. The increase in importation of food items such as non alcoholic beverages, alcoholic beverages, foot wear, clothing , kola, tobacco and intermittent fuel supply shortages contributed negatively to the economy\s growth rate. NBS goes on to state that the importation of food items has caused the index to rise to 9.6% and that this happens every year, which then increases the index points as November reports showed an increase of  0.2% points while the December's food price increases recorded a significant pressure on food sub index to increase to 10.6% another increase of 0.3% points higher than what it was the previous month.

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