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Poverty Brief Poverty And The Economy November 2013
After a deflation in the Consumer Price Index (CPI) in September 2013 (-0.3 percent), the inflation rate in October 2013 was 0.09 percent
and resulted in year-on-year inflation of 8.32 percent and year-to-date inflation of 7.66 percent.
Food products which constituted the biggest contribution to inflation in the last several months experienced deflation both in September
(-2.7 percent) and in October (-0.6 percent). The decline in the price of food benefited the poor since nearly 50 percent of their expenditure
is on food consumption. This decline therefore is expected to ease some of the burden of living expenses on the poor. Deflation in food
products also lowered the inflation rate in general
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