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Poverty Brief Poverty And The Economy
Inflation in November was 0.12% which resulted in a 7.8% year-on-year inflation rate (Y-o-Y, November 2012 – November 2013) and
9.4% year to date inflation rate (January – November 2013). The highest inflation in November was in the housing sector (0.7%) which
was caused by an increase in the price of electricity in October 2013. In 2013, the government increased the price of electricity in four
stages (Stage 1: January – March 2013, Stage 2: April – June 2013, Stage 3: July – September 2013, and Stage 4: October 2013). The price
of processed foods increased by 0.3% while the price of food (including rice, meat, fish, vegetables, etc.) declined by 0.5%
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