November Inflation Rate Reaches 20.8pc

November Inflation Rate Reaches 20.8pc

(addisfortune)—Headline inflation, the indicator of the cost of living, jumped by two percentage points to 20.8pc last month, according to the latest Consumer Price Index from the Central Statistical Agency.

The spike in non-food inflation, which reached 24.5pc from 23.2pc in October, has mainly caused the headline rate spike, according to the Agency’s report. Non-food inflation also rose by three percentage points and reached to 16.4pc.

The rate has been steadily increasing for the past four months and reached the second-highest figure since 2014, a year that registered a 22.2pc headline inflation rate.

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