Weekly SPI inflation falls by 0.41 percent

Weekly inflation measured by the Sensitivity Price Indicator (SPI) for the week ended August 16, 2018 registered a 0.41% decrease for the combined income group this week, with the index recorded at 228.60 points compared to 228.60 points in the week before that.

Compared to the corresponding period of the previous year, SPI increased by 4.18% on a year on year (YoY) basis. SPI on a YoY basis during the previous week ending on August 09, 2018 had been recorded at 4.38%.

Of the 53 items monitored, the average prices of 18 items registered an increase, while 9 items registered a decreased, and 26 items remained unchanged.

SPI for the lowest income group fell by 0.4% on a weekly basis and 3.44% on a yearly basis.