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fifth straight inflation month falls

WOW- Inflation Falls For 'fifth Straight Month'
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The National Bureau of Statistics in a report released on Monday July 17 has revealed that the country is gradually coming out of recession as Inflation in June 2017 declines again for 5th consecutive month.
According to the bureau, inflation measured by the Consumer Price Index, fell to 16.10 per cent, lower than 16.25 per cent rate recorded in May.
The report by the National Bureau of Statics read: "Consumer Price Index (CPI) which measures inflation increased by 16.10 percent (year-on-year) in June 2017.
"This was 0.15 percent points lower the rate recorded in May (16.25 percent). Accordingly, this represents the fifth consecutive decline in the rate of inflation since January 2017
"On a month-on-month basis, the Headline index increased by 1.58 percent in June 2017, 0.30 percent points lower than the rate of 1.88 percent recorded in May 2017. Month on Month inflation has cumulatively risen by 9.28% since January 2017.
  




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