In February 2020 the average inflation rate of 9 million to 20 percent last occurred in January had grown more than a few percent increase in the rate of inflation and the inflation rate rose above nine consecutive months and eight percent, according to the Central Statistical Organization, the word of the release of the Consumer Price And inflation rates that are reported.
The average inflation rate per year was 9.20 percent in February 2020 and slightly higher than the 9.06 percent inflation rate in January 2020, the Central Statistical Organization said.
The inflation rate has been rising for 18 consecutive months since April 2018, with a slight decrease in October and November of 2019 and a rebound in January and February of 2019.
For the whole country, inflation rates, based on the 2012 consumer price index, are averaging 9.2% per year through February 2020, with annual inflation of 8.36%.
In February 2020, the highest inflation rate in the Ayeyarwady Region was highest, with the second highest rate at 11.89% in Magway Division and the third highest at 11.82% in Sagaing Region.
According to the report, the annual inflation rate for the month of February 2020 was the highest in the Ayeyarwady Region, with the lowest change at 4.46% in Chin State.
In November 2012, the Central Statistical Survey conducted a survey of 32,669 households in household income and consumption surveys in 82 townships to calculate consumer price and inflation rates across the country.
Previously, inflation was calculated based on 2006, but now the Base Year calculation is based on the 2012 survey.
The average inflation rate, based on the 2012 consumer price index, averaged 9.20 percent a year through February 2020, up 0.4 percent year-on-year, compared with 9.06 percent for the year through January 2020.
The average inflation rate from May 2018 to February 2020 is rising from 4.29% in May 2018 to 9.20% in February 2020, the highest since February.
To reduce inflation; Money The second five-year short-term National Development Plan (2016-2017 fiscal year to 2020-2021) will be implemented based on trade and foreign currency control policies, according to the report.
Inflation has increased in the first five-year short-term plans (FY 2011-2012 to FY 2015-2016), as the second five-year short-term plan (FY2016-2017 to FY2020-2021) is underway to reduce current inflation rates. Monetary policy; On trade policy and foreign currency control policy