Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 6.4% in September 2020 from 6.2% in August 2020.
This was driven by the monthly increases in prices of items in both Food and Non-food categories. Meanwhile, Food inflation (Y-o-Y) decreased to 12.7% in September 2020 from 13.2% in August 2020 due to the statistical effect of the high base prevailed in September 2019, whereas Non-food inflation (Y-o-Y) increased to 1.4% in September 2020 from 1.1% in August 2020.
The change in the NCPI measured on an annual average basis increased marginally to 6.2% in September 2020 from 6.1% in August 2020.
Monthly change of NCPI recorded at 0.8% in September 2020 mainly due to increases observed in prices of items in both Food and Non-food categories. Accordingly, within the Food category, increases were observed mainly in the prices of vegetables, coconut and big onion during September 2020.
Moreover, within the Non-food category, prices of items in the Alcoholic Beverages and Tobacco, and Transport sub-categories recorded increases during the month.
Further, core inflation (Y-o-Y) increased to 4.8% in September 2020 from 4.6% in August 2020, while annual average core inflation decreased to 4.3% in September 2020 from 4.4% in August 2020.
Source: Department of Census and Statistics
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