COMESA Harmonised Consumer Price Indices (HCPI)
COMESA region annual inflation rate stood at 26.6% in Sept 2017
The year on year, inflation rate (annual percentage change) in the COMESA region as measured by the Harmonized Consumer Price Index (HCPI-COMESA) stood at 26.6% for the month of September 2017, down from 27.0% registered in August 2017. A year earlier, the rate was 13.1%.
The Harmonized Consumer Price Indices (HCPIs) are produced by the COMESA Secretariat in collaboration with the Member States with the aim of measuring inflation in similar ways and can therefore be compared directly with each other without the need for making special adjustments. The HCPIs benefit from incorporating many of the international developments in consumer price index theory and methods in recent years. Further improvements to the HCPI methods are expected in the coming years.
More details can be found in the monthly news releases below.