March, 23, 2021
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) increased to 4.2 per cent in February 2021 from 3.7 per cent in January 2021. This was mainly driven by the monthly increase in prices of items in the Food category. Accordingly, Food inflation (Y-o-Y) increased to 6.9 per cent in February 2021 from 5.9 per cent in January 2021. Further, Non-Food inflation (Y-o-Y) increased marginally to 1.9 per cent in February 2021 from 1.8 per cent in January 2021.
The change in the NCPI measured on an annual average basis decreased to 5.5 per cent in February 2021 from 5.8 per cent in January 2021.
Monthly change of NCPI recorded at 0.51 per cent in February 2021 mainly due to price increases observed in items of Food category. Moreover, monthly changes of Food and Nonfood categories recorded at 0.42 per cent and 0.09 per cent, respectively in February 2021. Accordingly, within the Food category, increases were observed mainly in the prices of vegetables, green chilli, coconut and rice during February 2021. However, prices of potato and big onion recorded declines during the month.
Further, year-on-year core inflation decreased marginally to 4.1 per cent in February 2021 from 4.2 per cent in January 2021, while annual average core inflation remained unchanged at 4.2 per cent in February 2021.
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