The inflation rate for January 2014 went up to 7.21% from 7.15% in December 2013. This was as a result of a 1.08% increase in the CPI (Consumer Price Index) from 143.85 in December 2013 to 145.40 in January 2014.
The Food and Non-alcoholic index went up by 1.00%. This rise was accountable for much of the rise in the inflation rate being that it accounts for 36.05% of the weights awarded to the consumer basket.
The Housing, Water, Electricity, Gas and other fuels index which accounts for 18.30% of the consumer basket also went up 0.87% between the months of December 2013 and January 2014.
All other indices in the consumer basket also rose marginally with the highest rise recorded in the Education index. This accounts for 3.14% of the consumer basket and it rose by 3.70% between the two comparative months.
The least margin was from the Furnishings, Household Equipment and Routine Household Maintenance index which rose by 0.37% and accounts for 6.16% of the consumer basket.