December, 22, 2020
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 decreased to 5.2% in November 2020 from 5.5% in October 2020.
This was due to the statistical effect of the high base prevailed in November 2019. Meanwhile, Food inflation (Y-o-Y) decreased to 9.4% in November 2020 from 10.6% in October 2020, whereas Non-food inflation (Y-o-Y) increased to 1.7% in November 2020 from 1.5% in October 2020.
The change in the NCPI measured on an annual average basis increased marginally to 6.3% in November 2020 from 6.2% in October 2020.
Monthly change of NCPI recorded at 0.47% in November 2020 mainly due to increases observed in prices of items in both Food and Nonfood categories.
Nov inflation dips to 5 2%
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Sri Lanka : Sri Lanka national inflation declines to 5 2 percent in November 2020
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RIO DE JANEIRO, BRAZIL - The federal government has forwarded to Congress its projection of R$1,088 for the minimum wage in 2021, with no real increase over projected inflation. The monthly wage floor in 2020 is R$1,045.
The estimate considers the Ministry of Economy s projection for the 2020 NCPI (National Consumer Price Index) inflation of 4,11%. The indicator is used by the government to readjust the minimum wage.
In April, when it submitted the Budget Guidelines Law Proposal, the government estimated that the minimum wage for 2021 would stand at R$1,079. However, higher . . .
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