Retail inflation jumps on soaring food prices

Data released by the National Statistical Office (NSO) on Wednesday showed retail inflation as measured by the consumer price index (CPI) rose an annual 4.6% in October, faster than the 4% recorded in the previous month and higher than the 3.4% in October 2018. The surge was largely led by food prices, the index for which shot up to 7.9% in October from 5.1% in the previous month.

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