Inflation Increased by 12.56% in June 2020; 0.16% higher than May 2020 (12.40%) Rate
Dear Client/Reader,
The National Bureau of Statistics just reported that the consumer price index, (CPI) which measures inflation increased by 12.56% (year-on-year) in June 2020. This is 16 basis points higher than the rate recorded in May 2020 (12.40%).
The percentage change in the average composite CPI for the twelve months period ending June 2020 over the average of the CPI for the previous twelve months period was 11.90%, indicating 0.11 points increase from 11.79% recorded in May 2020.
