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Thursday, January 02, 2014 - 6.38 GMT

Inflation stabilized at mid-single digit levels


Inflation, which was contained within single digit levels for nearly Five consecutive years, decelerated significantly to reach benign mid-single digit levels in December 2013. This is the longest period that inflation has remained at single digit levels, after the economy was liberalized, says the Central Bank.

The contribution to the decline in annual average inflation to 6.9 per cent in 2013 came mainly from the slowdown in the price increase in the Non-food category, which grew only by 6.1per cent in 2013 against that of 10.0 per cent in 2012, the bank further said.

The inflation has declined steadily, reaching its lowest at 2.1 per cent in December 2013 compared to 7.6 per cent in December 2012.






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Last modified: January 02, 2014.

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