Africa Business Radio

The National Bureau of Statistics says the Consumer Price Index which measures inflation increased by 15.99 per cent (year-on-year) in October 2021, While the country recorded a higher figure in October compared to last year, the inflation rate dropped for the seventh straight month. The agency says that the development indicated an increase of 1.76 per cent points compared with the rate recorded in October 2020. It added that increases were recorded in all Classification of Individual Consumption by Purpose divisions that yielded the headline index.