The National Bureau of Statistics (NBS) has announced that the prices of goods and commodities increased by 0.46% in May 2021.
This was contained in its Consumer Price Index report for May, 2021.
According to the report, “the percentage change in the average composite CPI for the twelve months period ending May 2021 over the average of the CPI for the previous twelve months period was 15.50 percent, showing a 0.46 percent point rise from 15.04 percent recorded in April 2021.
“The consumer price index, (CPI) which measures inflation increased by 17.93 percent (year-on-year) in May 2021. This is 0.19 percent points lower than the rate recorded in April 2021 (18.12 percent).
“All items less farm produce which excludes the prices of volatile agricultural produce stood at 13.15% in May 2021, up by 0.41% when compared with 12.74% recorded in April 2021.
‘‘The highest increases were recorded in prices of Pharmaceutical products, Garments, Shoes and other footwear, Hairdressing salons and personal grooming establishments, Furniture and furnishing, Carpet and other floor covering.
‘‘Others include, Motor cars, Hospital services, Fuels and lubricants for personal transport equipment, Cleaning, repair and hire of clothing, Other services in respect of personal transport equipment, Gas, Household textile, and Non-durable household goods.’’
Leave a Reply