English | Dzongkha Wednesday, August 5, 2020

Year-on-year inflation increases by 4.55 % as of April this year

Jul 2, 2020

The year-on-year inflation or Consumer Price Index in April this year has increased by 4.55 per cent from April last year. This means on average the consumers are paying 4.55 per cent more than what they paid in April last year for the same goods and services consumed by the household, according to the National Statistics Bureau (NSB).

The rate in April this year was 1.42 percentage point higher than the change recorded in the same month of last year, which was 3.13 per cent. And 1.5 percentage point higher than March 2020 which was then 3.26 per cent.

According to the NSB’s report, the changes recorded for year-on-year CPI in April for the food items was recorded at 9.24 per cent and the non-food at 0.73 per cent. Almost all the category experienced per cent changes except for the communication from February till April this year.

The increase is believed to have occurred due to the prices of seasonal vegetables and fruits. Officials say homegrown vegetables and fruits hit the market around that period.

The Consumer Price Index is a measure of average price changes in the basket of goods and services purchased by households over time. It shows how much, on an average the prices of goods and services have increased or decreased from a particular reference period.

Tshering Zam

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