The annual rate of inflation in Myanmar, based on the Consumer Price Index (CPI), continued dropping to 5.8 per cent in September 2020 owing to demand slump triggered by COVID-19, according to a report released by the Central Statistical Organization under the Ministry of Planning, Finance and Industry and reported in the media.

The inflation rate has remained above 8 per cent from June 2019 to June 2020, reaching its peak of 9.2 per cent in February 2020 on the back of gains in local currency and a power tariff hike. From there, it started to gradually slow down due to the coronavirus outbreak in March, reaching its lowest point in over a year this September.