Headline inflation up to 45.3% in May, food inflation spikes to 57%

Wednesday, 22 June 2022 00:30 -     - {{hitsCtrl.values.hits}}

The country’s headline inflation, as measured by the year-on-year  (Y-o-Y) change in the National Consumer Price  Index (NCPI) increased to 45.3% in May 2022 from 33.8% in April 2022. 

This increase in Y-o-Y inflation was driven by the monthly increases of  both Food and Non-Food categories. 

Food inflation (Y-o-Y) increased to 58.0% in May  2022 from 45.1% in April 2022, while Non-Food  inflation (Y-o-Y) increased to 34.2% in May 2022  from 23.9% in April 2022.

Monthly change of NCPI recorded at 9.67% in May 2022 due to price increases observed in items of  both Food and Non-Food categories which were  5.41% and 4.26%, respectively. Accordingly, within  the Food category, prices of rice, milk powder,  vegetables, fresh fish and bread recorded increases  during the month. Further, within the Non-Food  category, increases were observed in prices of Transport (Petrol, diesel and bus fare), Housing,  Water, Electricity, Gas and Other Fuel (Materials for  maintenance/reconstruction and LP gas), Furnishing, Household Equipment and Routine  Household Maintenance, and Miscellaneous Goods  and Services (Car insurance and soap) sub-categories during the month.

The annual average inflation rose to 16.3%  in May 2022 from 13.0% in April 2022. 

The core inflation (Y-o-Y), which reflects the  underlying inflation in the economy increased to  37.7% in May 2022 from 27.9% in April 2022, while annual average core inflation increased to 13.0% in May  2022 from 10.2% in April 2022.


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