The Urban CPI is considered as the headline index for monetary policy purposes. In addition, select detailed item indices are published for items judged to be important or experiencing extreme price movement.

In January 2023, reads the report released yesterday, food and non-alcoholic beverages increased by 41 percent on annual basis and increased by 2.7 percent on monthly basis.

‘Housing, water, electricity, gas and other fuels’ increased by 8.3 percent on annual basis and increased by 0.1 percent on monthly basis. Transport increased by 12.6 percent on annual basis and increased by 0.5 percent on monthly basis.

The data also show the “local products” increased by 21.4 percent on annual change and increased by 1.4 percent on monthly basis, while prices of the “imported products” increased by 18.5 percent on annual basis and increased by 0.8 percent on monthly basis.

The prices of the “fresh products” increased by 44.6 percent on annual change and increased by 3.6 percent on monthly basis.

The prices of the “energy” increased by 18.2 percent on annual change and increased by 0.2 percent on monthly basis.

The prices of the “general Index excluding fresh products and energy” increased by 15.2 percent on annual change and increased by 0.7 percent on monthly basis.

NISR has revealed that consumer prices increased by 20.7% in January 2023.