Burma CPI up 33% for past year
08-AUG-2008 Intellasia | Business Week
Aug 8, 2008 - 7:00:00 AM
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Burma's consumer price index rose nearly 33% in the 2007-2008 financial year, according to official statistics seen Wednesday.
The increase of 32.93 was higher than that for 2006-2007, when the CPI registered a 26.33 increase, according to the figures from the Central Statistical Organisation of the Ministry of National Planning and Economic Development.
The consumer price index measures the average change in prices over time in a basket of goods and services, and the% change in the CPI is often used as a measure of inflation.
Rising consumer costs sparked protests last year that turned into the biggest anti-government demonstrations in almost two decades. The demonstrations were violently quashed by the military government.
The statistics also break down the change by sector. The food index, which includes rice, oil, fish, meat and eggs, registered a 33.13% increase compared to same period last year, the figures showed.
The index for clothing and apparel rose 35.21%, while that for "fuel and light" rose 23.52%.
The financial year ends begins on April 1 and ends March 31 the following year.
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