NCPI based Inflation decreased in July 2020

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Headline inflation as measured by the yearon- year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) decreased to 6.1 per cent in July 2020 from 6.3 per cent in June 2020. This was mainly driven by the statistical effect of the high base prevailed in July 2019. Meanwhile, Food inflation (Y-o-Y) decreased to 12.9 per cent in July 2020 from 13.6 per cent in June 2020, where as Non-food inflation (Y-o-Y) increased to 1.0 per cent in July 2020 from 0.8 per cent in June 2020.

The change in the NCPI measured on an annual average basis increased to 5.9 per cent in July 2020 from 5.6 per cent in June 2020.

Monthly change of NCPI recorded at 0.0 per cent in July 2020. This was due to setting-off the price decline of 0.15 per cent in the Food category, with the price increase observed in the Non-food category by the same magnitude. Accordingly, within the Food category, prices of vegetables, red onions, limes and rice declined during July 2020, while prices of items in Restaurants and Hotels; Alcoholic Beverages and Tobacco; and Health sub-categories recorded increases within the Non-food category.

Further, core inflation (Y-o-Y) increased to 4.5 per cent in July 2020 from 4.4 per cent in June 2020, while annual average core inflation decreased to 4.5 per cent in July 2020 from 4.6 per cent in June 2020.

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