In January 2020, the consumer price index (CPI) was 161.33

In January 2020, the consumer price index (CPI) was 161.33, up 9.09 percent from the same period last year, according to the Consumer Price Index (CPI).

The national consumer price index for January 2020, based on the 2012 base year, was 172.69 for the food group; For non-food groups, it was 144.97 and for all groups 161.33, a 9.09% increase in consumer prices compared to January 2019.

The increase in consumer prices compared to the same period last year was due to a significant increase in the prices of goods in all groups collected for consumer price calculations compared to the same period last year.

According to the Central Statistics Office, the national consumer price index, which rose from 141.13 in July 2018 to 148.95 in November 2018, rose to 148.95 in November 2018, from the basic year 2012 from June 2018 to January 2020.

In December 2018, the exchange rate between the Myanmar kyat and the US dollar weakened, leading to lower commodity prices; Prices fall due to new rice season; Due to the winter, the prices of fruits, Consumer prices have fallen slightly due to lower vegetable and commodity prices.

In January 2019, foreign exchange rates continued to fall, but meat, Consumer prices have rebounded on the back of rising fish and egg prices and rising gold prices, which continued to rise until January 2020, according to the Central Statistics Office.

In January 2020, consumer prices in the states and regions increased. In the three states and cities (Yangon, Mandalay, Nay Pyi Taw), compared to the previous month, Yangon Region It is rising in Shan State and Yangon and falling in the rest of the regions and states. The annual change rate was highest in Mandalay at 15.63% and lowest in Kachin State at 4.49%.

In November 2012, the Central Statistical Organization conducted a household income and consumption survey of 32,669 sample households in 82 townships to adjust consumer price inflation and inflation across the country.

According to the 2012 basic year survey, there are 438 types of consumer goods and services. According to the Central Statistics Office, 108 items were selected from the food group and 166 items from the non-food group to calculate consumer prices, for a total of 274 items.

For the country as a whole, the inflation rate, based on the 2012 consumer price index for the year 2012, averaged 9.06 percent year-on-year until January 2020, with an annual inflation rate of 9.09 percent.

Leave a Reply