10-month inflation positive as October CPI rises 0.34%
AS DOMESTIC fuel prices have risen, inflation in the first 10 months moved into positive territory at 0.06 per cent, ensuring that the Consumer Price Index (CPI) will grow within the Commerce Ministry’s projection for the whole year by 0-1 per cent.
The ministry reported the 10-month inflation rate of 0.06 per cent after October’s CPI edged up 0.34 per cent year on year, the seventh consecutive month of positive inflation, attributed to higher fuel prices.
Month-on-month inflation was 0.16 per cent on higher prices for fuel and some goods, especially vegetables.
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