adminThe year-on-year (YoY) inflation rate (as measured by PPI) for October, November and December as compared to the same months of the previous year is recorded at 4.32%, 3.58% and 3.75% respectively. On average this is a increase of 3.88% from the fourth quarter of the previous year (i.e. 2019).
The inflation was mainly due to increase in Manufacturing sector by 9.51%, 7.87% and 8.26% in October, November and December respectively. Within the manufacturing sector, increase in price of basic metals was the main contributor which led to the overall increase. Transport sector increased by 1.21% on an average due to the increase in exchange rate and increase in the RSTA bus fare. The Mining/Quarrying sector recorded a consistent increase of 1.36% in all three months. The Information & Communication sector has decreased by 8.26% on an average. The logging sector has decreased by 0.32% on an average. And Electricity & gas sector recorded a consistent increase of 0.39% in all three months. While prices remained same for Water supply sector.
The month-to-month prices decreased by 0.32% and 0.57% in October and November respectively, while it increased in December by 1.04%. On an average, it increased by 0.05% in fourth quarter due to increase in price of manufacturing sector by 0.10%. The Transport sector showed a slight increase by 0.02% on an average. Prices remained same for Mining/Quarrying, Logging, Electricity and water supply and Information & communication sector in all the three months.