Food inflation spikes to 4.78% in May
Food inflation was 2.13% in January, when the new consumer price index (CPI) series with a base year of 2024 was introduced by the Ministry of Statistics and Programme Implementation. Using both the current and previous Consumer Price Index (CPI) series (the latter with 2012 as the base year), food inflation in May was the steepest in 16 months. Commodity…
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