BY RICHARD MUNGAI
October 12, 2015 Malawi, Sudan and Ethiopia recorded a drop in inflation in August, but remained the countries with the most expensive goods and services in the Comesa region, the latest harmonised consumer price index shows.
The data provided by the Common Market for East and Southern Africa shows the three countries recorded an inflation rate of 24.8, 13.8 and 13.7 per cent respectively in August down from 26.6, 17.4 and 14.7 per cent respectively, in July.
Inflation in August also eased in Kenya to 5.2 from six per cent recorded in July.
Other countries that recorded lower inflation in August include Burundi, Egypt, Madagascar, Rwanda, Swaziland, Uganda and Zimbabwe with 8.1, 7.3, 7.7, negative 1.7, 4.5, 5.4, and negative 2.7 per cent each.
Inflation rate stood at 0.7 per cent in the Democratic Republic of Congo, 0.6 per cent in Mauritius, 6.9 per cent in Seychelles and 6.5 per cent in Zambia.
The HCPI-COMESA shows the year-on-year inflation rate in the COMESA region stood at 6.3 per cent in August, down from 7.3 per cent in July, while the month-on-month inflation rate in the period stood at 0.4 per cent down from 0.8 per cent.
“It means that the prices of goods and services as measured by HCPI-COMESA increased by an average of 6.3 per cent in the COMESA region between August 2015 and August 2014. Using a particular or common currency, an item that cost an average of 100 cents in August 2014 increased to 106.30 cents in August 2015,” it states.
The HCPI-Comesa annual rate measures the price change between a particular month and the same month one year earlier while the monthly rate measures the price change between the two latest months.
The index shows the region's consumers spent most money on education, alcohol and tobacco, and recreation and culture.
Other components of expenditure included restaurants and hotels, food and non-alcoholic beverages, clothing and footwear, housing, water, electricity, gas and other fuels, furnishings, household equipment and routine maintenance, health, transport and communication.
Source: the-star.co.ke
October 12, 2015 Malawi, Sudan and Ethiopia recorded a drop in inflation in August, but remained the countries with the most expensive goods and services in the Comesa region, the latest harmonised consumer price index shows.
The data provided by the Common Market for East and Southern Africa shows the three countries recorded an inflation rate of 24.8, 13.8 and 13.7 per cent respectively in August down from 26.6, 17.4 and 14.7 per cent respectively, in July.
Inflation in August also eased in Kenya to 5.2 from six per cent recorded in July.
Other countries that recorded lower inflation in August include Burundi, Egypt, Madagascar, Rwanda, Swaziland, Uganda and Zimbabwe with 8.1, 7.3, 7.7, negative 1.7, 4.5, 5.4, and negative 2.7 per cent each.
Inflation rate stood at 0.7 per cent in the Democratic Republic of Congo, 0.6 per cent in Mauritius, 6.9 per cent in Seychelles and 6.5 per cent in Zambia.
The HCPI-COMESA shows the year-on-year inflation rate in the COMESA region stood at 6.3 per cent in August, down from 7.3 per cent in July, while the month-on-month inflation rate in the period stood at 0.4 per cent down from 0.8 per cent.
“It means that the prices of goods and services as measured by HCPI-COMESA increased by an average of 6.3 per cent in the COMESA region between August 2015 and August 2014. Using a particular or common currency, an item that cost an average of 100 cents in August 2014 increased to 106.30 cents in August 2015,” it states.
The HCPI-Comesa annual rate measures the price change between a particular month and the same month one year earlier while the monthly rate measures the price change between the two latest months.
The index shows the region's consumers spent most money on education, alcohol and tobacco, and recreation and culture.
Other components of expenditure included restaurants and hotels, food and non-alcoholic beverages, clothing and footwear, housing, water, electricity, gas and other fuels, furnishings, household equipment and routine maintenance, health, transport and communication.
Source: the-star.co.ke
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