Inflation rate slows further in November

The latest inflation report issued by the Central Statistical Organization showed that the annual rate of inflation in Myanmar, based on the Consumer Price Index (CPI), continued dropping to 4.6 per cent in November 2020 versus 5.21 in October – the previous lowest point of the year.

In the background of a relatively weak USD/MMK exchange rate in November, and the COVID-19 impacts, the CPI fell in food, non-food, transportation and telecommunication groups. Simultaneously, the CPI spiked in household goods and maintenance, other commodities, tobacco and beverages, clothing, recreation, culture and non-food. The price index of education and rent remained stable.

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