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August 7, 2008

Myanmar CPI up 33% in 2007-8 fiscal year
Myanmar’s consumer price index increased by nearly 33 percent in the 2007-2008 financial year, reported AP Wednesday.

The Central Statistical Organisation of Myanmar’s Ministry of National Planning and Economic Development said the increase of 32.93 was higher than that for 2006-2007, when the CPI registered a 26.33 increase, said AP.

The consumer price index measures the average change in prices over time in a basket of goods and services, and the percent 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 country’s 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 percent increase compared to same period last year, the figures showed.

The index for clothing and apparel rose 35.21 percent, while that for “fuel and light” rose 23.52 percent.

Myanmar’s financial year begins on April 1 and ends March 31 the following year.

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Myanmar CPI up 33% in 2007-8 fiscal year


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