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DAILY BUSINESS NEWS BRIEF – Inflation rate drops for 11 consecutive months to 15.37%



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Inflation rate drops for 11 consecutive months to 15.37%
The National Bureau of Statistics on Tuesday released the Consumer Price Index, which measures inflation, with the rate dropping from 15.9 per cent in November to 15.37 per cent in December 2017.The drop of 0.53 percentage points recorded in December made it the eleventh consecutive slowdown in the inflation rate.The report stated that the urban inflation rate rose by 15.78 per cent year-on-year in December from 16.27 per cent in November, while the rural inflation rate also eased by 15.02 per cent in December from 15.59 per cent in November.Read More…]

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