Year-on-Year Inflation for November 2022 at 9.8 Percent
Annual inflation for November 2022 increased to 9.8 percent from 9.7 percent recorded in October 2022. This means that on average, prices of goods and services increased by 9.8 percent between November 2021 and November 2022 (see Figure 1). This development was mainly attributed to movements in prices of non-food items.
Figure 1: Annual Inflation Rate, Nov 2021-Nov 2022 (%)
Annual Food and Non-Food Inflation
Annual food inflation for November 2022 was recorded at 12.1 percent compared to 12.2 percent recorded in October 2022 (see Figure 2). This development was mainly attributed to Meats (Fillet steak, Rump steak, Brisket, Beef sausage, Minced meat, Frozen chicken); Fruits (Oranges, Lemons, Mangoes, Watermelon, Pawpaw, Groundnuts) and Cooking oil.
The annual non-food inflation for November 2022 was recorded at 6.7 percent from 6.5 percent in October 2022. This outturn was mainly attributed to increases in prices of non-food items such as Fuels & lubricants (Diesel, Petrol, Engine oil), Paraffin purchases, charcoal and Pharmaceutical Products (Ampicillin, Cafenol, Aspirin, Paracetamol, Tetracycline, Multivitamin).
Figure 2: Annual Food and Non-Food Inflation, Nov 2021-Nov 2022 (%)