The year-on-year (YoY) inflation decreased to 2.1 per cent in December 2014 compared to 4.7 per cent in December 2013 on a year-on-year basis.
Annual Average inflation which followed a declining trend for nineteen consecutive months reached 3.3 percent in December 2014 from 6.9 percent in December 2013.
This is, by far the longest period that both year-on-year inflation (71 months) and annual average inflation (65 months) have continuously remained at single digit levels, after the economy was liberalized, Central Bank said.
Prudent monetary management, relatively stable exchange rate, moderation in prices of both food and non-food imported items, supply side improvements, downward revisions in administered prices of electricity and water tariffs, LP Gas and fuel and timely fiscal policy measures introduced to contain supp