Market place rising prices rose 1.95% year-on-year in December 2020. The December figure was more than 13.50% in a Reuters expert survey, driven by rising food prices, to 9.24% year-on-year, compared to 6.70% in November.
The decline in prices in the first quarter strengthened to 13.38% in December from 7.38% in October and 10.34% in November. The decline in oil and energy prices fell to 32.30% in December from 39.81% observed in November. The decline in commodity prices decreased by 10.62% in December after rising to 12.87% in October and 11.92% in November.
The government says the December 2021 price hike was largely due to rising prices for fossil fuels, scrap metal, fatty acids & natural gas, medicine and medicine, food, textiles and paper and paper and other materials compared to the same month of last year.
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