INSUBCONTINENT EXCLUSIVE:
3.4% in November, from 1.5% in October.The Department of Census and Statistics (DCS), in its latest report, said the year-on-year inflation
of the food group increased to -3.6% in November from -5.2% in October.Meanwhile, the year-on-year inflation of the non-food group rose to
6.8% in November from 4.9% in October.For the month of November, the contribution to inflation by food commodities was -1.20%, while the
contribution of non-food items was 4.5%
The DCS said this was mainly due to the increases in value change in groups of housing, water, electricity, gas - other fuels, education,
value change was reported for the groups of furnishing household equipment and routine household maintenance, restaurants and hotels and
Further, a very slight price increase was reported in group communication during the month.The CCPI is an economic indicator constructed to
measure inflation which is defined in percentage change in the CCPI over the year
There are two measures of inflation in general use
One measure is the year-on-year base or point-to-point inflation (the percentage change in the CPI during the last 12 months)
