TODAY

INFLATION has risen by 0.19 per cent compared to that of May, with an annual inflation rate of 12.14 per cent as of June, according to an announcement released by Central Statistical Organization (CSO) under the Ministry of Planning and Finance.
The inflation rate per annum based on the consumer price index was 12.14 per cent as of June this year, and was 11.95 per cent in May. The rated compared to June 2015 and 2016 is 11.19 per cent.
According to the CSO’s monthly consumer price index and inflation rate, the consumer price index this year also increased when compared to the previous year: 201.14 per cent in June, 2015 and 223.65 per cent in June ,2016.
This fiscal year, the inflation rate was about 11.68 per cent. The inflation rate was the highest in Haka, Chin State in June, 2016, with an average inflation rate of 30.45 per cent. Loikaw, Kaya State and Sittwe, Rakhine State followed Haka with an inflation rate of 21.81 per cent and 20.97 per cent respectively in June this year. Myitkyina, Hpa An and Dawei are the towns to have the lowest rates of inflation per annum as of June, 2016.
Ref: GNLM, 25 July 2016