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Inflation Rises to .9%

The much touted single digit national month to month inflation rate continues to take an upward turn with one step up by 0.1 percent.

 

According to National Statistics Office (NSO), the rate for March, 2018 stands at -0.9 percent compared to 2.1 percent in February, 2018. 

 

For two months in a row, the inflation has been on rise despite basic food prices especially maize being on a decrease.

 

Food inflation is at -2.7 percent compared to 2.4 percent recorded in February, 2018 while Non Food inflation is 0.7 percent compared to 1.9 percent in February, 2018. 

 

"The Urban month to month inflation rate records 0.5 percent. Urban Food and Non food inflation rates stand at -0.4 and 1.0 percent respectively," says NSO in a statement issued on Tuesday.

 

The rural month to month inflation rate registers -2.1 percent. Rural Food and Non food inflation rates stand at -3.9 and 0.2 percent respectively.