November, 21, 2022
The headline inflation reported for the month of September 2022 was 73.7%.
Contributions to the inflation rate of October 2022 from the food group and non-food group are 38.5% and 32.1% respectively. Whilst contributions of food and non-food groups to the inflation in October 2021 were 5.4% and 2.9% respectively, resulting in a headline inflation of 8.3%. With respect to October 2021, the reported inflation for the month of October 2022 was mainly due to the higher price levels prevailed in both food and non-food groups.
Anyway, on a monthly basis, the Year-on-Year inflation of the food group decreased to 80.9% in October 2022 from 85.8% in September 2022 and the Year-on-Year inflation of the non-food group also decreased to 61.3% in October 2022 from 62.8% in September 2022.
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