The National Bureau of Statistics on Tuesday released the Consumer Price Index which measures inflation with the rate dropping from 15.9% in November to 15.37% in December. The drop of 0.53 percent points recorded in December makes it the eleventh consecutive slowdown in the inflation rate.

The report said the Urban inflation rate rose by 15.78% year-on-year in December from 16.27% recorded in November, while the rural inflation rate also eased by 15.02% in December from 15.59% in November.

On a month-on-month basis, the urban index rose by 0.66% in December, down by 0.19 from 0.85% recorded in November, while the rural index rose by 0.54% in December, down by 0.18 when compared with 0.72 percent in November.

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