The Consumer Price Index which measures inflation rate has again dropped from 17.26 per cent in March to 17.24 per cent in the month of April.
The inflation rate according to a report by the National Bureau of Statistics (NBS) is dropping for the third straight month.
The 0.02 per cent points in inflation rate make it the third consecutive month of decline in the CPI.
This, according to the NBS, is an indication that the high food and non-food prices, as well as the unfavourable base effects of the 2016 prices, have started easing.
“The Consumer Price Index which measures inflation increased by 17.24 percent (year-on-year) though at a slower pace in April 2017, 0.02 per cent points lower from the rate recorded in March (17.26) per cent.
“This is the third consecutive month of a decline in the headline CPI rate, exhibiting effects of some easing in the already high food and non-food prices, as favourable base effects over 2016 prices,” the report read in part.
