The National Bureau of Statistics has released its 2013 Consumer Price Index, showing the rate of inflation for April 2013 was 9.1% up from 8.6% recorded in March. This apparently is the fourth consecutive month of single digit inflation having posted 9.5% and 9% in February and January respectively. As usual the NBS gave the following explanation as a reason for the increase
“Relative to March, the rise in the headline index could be primarily attributed to higher price levels of food products due to the effect of declining inventories. At this time in the planting season, what is sold are food products which were harvested, late last year and the limited supplies of these farm with a relatively stable demand, pushes prices higher” NBS
You can download the full report on our sister site here and this is how inflation rate is determined
