KSH: Prices rose by 3 percent on an annual basis

By: Trademagazin editor Date: 2020. 11. 10. 11:50

In October, the annual growth rate of consumer prices slowed to 3.0 percent from the 3.4 percent in the previous month. The moderate annual rise in the prices of food and spirits and tobacco products in September, as well as the fall in the prices of vehicle fuels, played the largest role in curbing inflation, the Central Statistical Office (KSH) announced on Tuesday.

Analysts expected 3.1 percent inflation in October.

In one month, compared to September, consumer prices rose by an average of 0.2 percent.

Annual core inflation fell from 4.0 percent to 3.8 percent. The annual price increase for the retired consumer basket was 3.4 percent last month after the 3.8 percent in September.

Compared to October last year, food prices rose 6.5 percent after 7.3 percent in September. Within this, the prices of seasonal foods – potatoes, fresh vegetables and fruits – increased by 15.7 percent. (MTI)