Consumer Price Index for December 2022

The Consumer Price Index (CPI) increased by 0.3 point or 0.2% from 126.8 in November 2022 to 127.1 in December 2022.

Year-on-year (Y-o-y) inflation worked out to 12.2% in December 2022, compared to 6.8% in December 2021. Headline inflation for the 12-months ending December 2022 worked out to 10.8%, compared to 4.0% for the 12-months ending December 2021.

Y-o-y CORE1 inflation stood at 9.8% in December 2022, compared to 5.1% in December 2021 while, y-o-y CORE2 inflation worked out to 7.4% in December 2022, compared to 5.1% in December 2021.