Inflation increases to 7.9 per cent
The annual rate of inflation, as measured by the all items Consumer Price Index (CPI) for October 2014 was recorded at 7.9 percent. This means that on average, prices increased by 7.9 percent between October 2013 and October 2014. The Consumer Price Index (CPI) measures changes over time in the general level of prices of goods and services that households acquire for the purpose of consumption, with reference to the price level in 2009 (i.e. base year 2009 =100).
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