Issuing the National Consumer Price Index (NCPI), for the month of November 2022, the Director General of
Census and Statistics said that headline inflation as measured by the Year-on-Year change (The percentage
change in the current month NCPI over same month NCPI of last year) based on the NCPI has been compiled
as 65.0%.

The headline inflation reported for the month of October 2022 was 70.6%. Contributions to the
inflation rate of November 2022 from the food group and non-food group are 33.9% and 31.0% respectively.
Whilst contributions of food and non-food groups to the inflation in November 2021 were 7.8% and 3.3%
respectively, resulting in a headline inflation of 11.1%. With respect to November 2021, the reported inflation for the month of November 2022 was mainly due to the higher price levels prevailed in both food and nonfood groups.

Anyway, on a monthly basis, the Year-on-Year inflation of the food group decreased to 69.8% in November 2022 from 80.9% in October 2022 and the Year-on-Year inflation of the non-food group also decreased to 60.4% in November 2022 from 61.3% in October 2022.