The Department of Census and Statistics (DCS) revealed in its latest report that the overall rate of inflation as measured by the National Consumer Price Index (NCPI) on Year-on-Year basis for November has increased to 2.8%.
This was 1 % in October and on a month on month basis the inflation has increased by 1.8%. The department said that the Food-Inflation in November 2023 increased from -5.2% to -2.2% from October to November 2023, while the non-food inflation increased to 7.1% from 6.3% which was recorded in the month of October.
The increases in index values were reported for Vegetables (0.62%), Rice (0.14%), Sugar (0.09%), Coconuts (0.06%), Big onions (0.06% ), Green chilies (0.06%), Red onions (0.05%), Limes (0.03% ), Coconut oil (0.02%), Potatoes (0.02%), Mysore dhal (0.01%), Tea dust/leaves (0.01%) and Fresh fruits (0.01% ). The NCPI for all items for the month of November 2023 is 206, which is an increase of 2.4 index points or 1.19 percentage compared to October 2023 for which the index was 203.6. This increase represents an increase in expenditure value of Rs. 1231.49 in the “market basket”.
Meanwhile, decreases in index values were reported for Fresh fish (0.19%), chicken (0.08%), dried fish (0.07%), eggs (0.07%), green gram (0.02%) and Chili powder (0.01%). Meanwhile, the price indices of ‘communication’ and ‘education ‘groups remained unchanged during the month, according to the report.
