Need to curb in­fla­tion

Bhutan Times - - EDITORIAL -

The an­nual in­fla­tion rate for Novem­ber 2015 that is from Novem­ber 2014 to Novem­ber 2015 has s rose by 3.59 per­cent. This was 0.03 per­cent­age point higher than the pre­vi­ous month which was 3.56 per­cent dur­ing the year Oc­to­ber last year.

Ac­cord­ing to the monthly con­sumer price in­dex bulletin Novem­ber 2015 which was com­plied by Na­tional Sta­tis­tics Bureau stated that dur­ing the month of Novem­ber last year, the prices for food has risen by 2.64 per­cent and non- food prices by 4.23 per­cent.

The re­port also found out that for some food items the in­fla­tion rates has de­creased. For dairy and poul­try prod­ucts like milk, cheese and eggs, the in­fla­tion rates for the month of Oc­to­ber last year was 5.33 per­cent and was de­creased to 2.43 per­cent in the month of Novem­ber last year.

But for the non food groups, the high­est per­cent change was with elec­tric­ity, gas and other fu­els. It has in­creased from 5.95 per­cent in the month of Oc­to­ber to 7.21 per­cent in the month of Novem­ber last year and fol­lowed by tools and equip­ment for house and gar­den. Dur­ing the month of Oc­to­ber last year was 2.98 per­cent and was in­creased to 3.66 per­cent dur­ing the month of Novem­ber last year.

It also re­mained con­stant for the pur­chase of ve­hi­cles that was 5.83 per­cent in Oc­to­ber and same for the month of Novem­ber last year with 5.83 per­cent.

Be­sides that, the in­fla­tion rates for the tele­phone and tele­fax equip­ment was neg­a­tive 1.38 per­cent dur­ing the month of Oc­to­ber and re­mained same with neg­a­tive 1.38 per­cent dur­ing the month of Novem­ber last year.

While the prices of do­mes­tic goods and ser­vices have in­creased by 4.60 per­cent due to in­crease in food prices by 3.19 per­cent and non- food prices by 5.42 per­cent.

The prices of im­ported goods have in­creased by 2.69 per­cent be­cause of the in­crease in food prices by 2.26 per­cent and non- food prices by 3.04 per­cent.

Mean­while, the prices are col­lected on­line from the sam­pled out­lets by price col­lec­tors us­ing mo­bile ap­pli­ca­tion devices once ev­ery month.

As per the re­port the high­est in­fla­tion is in cater­ing ser­vices with al­most with 10% and elec­tric­ity , gas and other fu­els with about 7.50% and cloth­ing with about 6% on the non food items. A alarm­ing in­crease in the prices has also been seen on restau­rants and ho­tels with 9% and on education with 6.71%.

The fish and veg­eta­bles and coffee, tea and co­coa recorded the high­est in­fla­tion dur­ing the pe­riod for the food items of about 6.30% for fish and 5.35% for the veg­eta­bles and 5.31% for tea, coffee and co­coa

As most of the food items af­fect the pur­chas­ing power of the poor, mea­sures must be put in place o curb the in­fla­tion es­pe­cially on the food prod­ucts.

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