The Consumer Price Index (CPI) increased by 0.1 point or 0.1% from 131.9 in November 2023 to 132.0 in December 2023.
Year-on-year (Y-o-y) inflation worked out to 3.9% in December 2023, compared to 12.2% in December 2022. Headline inflation for the 12-months ending December 2023 worked out to 7.0%, compared to 10.8% for the 12-months ending December 2022.
Y-o-y CORE1 inflation stood at 3.0% in December 2023, compared to 9.8% in December 2022 while, y-o-y CORE2 inflation worked out to 3.9% in December 2023, compared to 7.4% in December 2022.
CORE1 inflation for the 12-months ending December 2023 stood at 5.2%, compared to 9.3% in December 2022. Similarly, CORE2 inflation for the 12-months ending December 2023 worked out to 5.2%, compared to 7.3% in December 2022.
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