Inflation drops in December | Sunday Observer

Inflation drops in December

24 January, 2021

Headline inflation as measured by the year-on year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) decreased to 4.6 percent in December 2020 from 5.2 percent in November 2020.

This was due to the statistical effect of the high base that prevailed in December 2019. Food inflation (Y-o-Y) decreased to 7.5 percent in December 2020 from 9.4 percent in November 2020, whereas Non-food inflation (Y-o-Y) increased to 2.2 per cent in December 2020 from 1.7 per cent in November 2020.

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