Consumer Price Index (CPI) for the month of December 2020 increased by 7.72% from December 2019. Month-on-month CPI increased by 0.20% from November 2020.
The year-on-year CPI for the month of December increased by 7.72 percent compared to the same month of previous year. The rate is 0.20 percentage point higher than the rate recorded in previous month of November which was 7.52 percent. Vegetables, meat, dairy products and betel nut continue to be the main contributor for the overall increase. Non-food prices went up by 0.37 percent from November and up by 2.02 percent compared to December of last year. Month-on-month CPI increased by 0.56 percent from November due to increase in vegetable prices by 3.72 percent.
On average, the annual CPI recorded an increase of 5.63 percent in 2020 compared to 2.73 percent increase in 2019. The higher rate was mainly due to increase in food group by 11.09 as compared to 3.44 percent increase in 2019. Non-food prices recorded an increase of 1.24 percent in 2020 compared to 2.24 percent in 2019. The lower rate for non-food group in 2020 is associated with minimal increase in transport by 0.52 percent as compared to 2.72 percent in 2019 and also due to decrease in communication prices by 5.75 percent.