The Consumer Price Index (CPI) increased by 0.4 point or 0.3% from 131.5 in October 2023 to 131.9 in November 2023.
Year-on-year (Y-o-y) inflation worked out to 4.0% in November 2023, compared to 12.1% in November 2022. Headline inflation for the 12-months ending November 2023 worked out to 7.7%, compared to 10.3% for the 12-months ending November 2022.
Y-o-y CORE1 inflation stood at 3.1% in November 2023, compared to 9.7% in November 2022 while, y-o-y CORE2 inflation worked out to 4.0% in November 2023, compared to 7.2% in November 2022.
CORE1 inflation for the 12-months ending November 2023 stood at 5.7%, compared to 8.9% in November 2022. Similarly, CORE2 inflation for the 12-months ending November 2023 worked out to 5.5%, compared to 7.1% in November 2022.
CPI_M_Nov23_071223 (1)