IN­FLA­TION RATE REACHES 2.58% IN SEPTEM­BER

Business Bhutan - - Nation -

The in­fla­tion rate hit a five-month high in Septem­ber at 2.58 per­cent, an in­crease of 0.58 per­cent­age point com­pared to Au­gust.

This is amid in­creas­ing fuel prices in In­dia and in the coun­try through­out the sum­mer. Prices of lo­cal goods and ser­vices in­creased at a slower speed com­pared to im­ported goods and ser­vices.

Mean­while, in­fla­tion is a con­tin­ued in­crease in the price level of goods and ser­vices in an econ­omy over a pe­riod of time. The in­fla­tion rate looks at the speed at which prices of goods and ser­vices are in­creas­ing over time.

Prices of im­ported goods and ser­vices in­creased by 3.25 per­cent in Septem­ber com­pared to lo­cal goods and ser­vices which in­creased by just 1.85 per­cent.

Al­to­gether, food prices saw a rapid in­crease of 5.24 per­cent in Septem­ber com­pared to non­food which in­creased by 2.52 per­cent.

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