November national prices soften on food and non-food price cooling

The consumer prices measured nationally showed the prices have risen by 2.4 percent in the 12 months through November 2025, somewhat softening from 2.7 percent through October, as both food prices and non-food prices cooled a bit.
This is the last inflation print before the effects of this month’s floods wreaked havoc causing damage to agriculture and industries.
However, it is unlikely the prices would jump that much, given the prices of perishables haven’t budged much so far this month.
In fact, this surprised many, including the government, which probably expected higher prices from the event.
The prices measured monthly declined by 0.1 percent.
Meanwhile, the prices measured barring the often-volatile food, energy and transport, rose by a tad by 2.2 percent, from 2.1 percent in October, reflecting the underlying price pressures in the economy.
The Central Bank is confident that inflation would reach its medium-term target of 5.0 percent by the second half of next year.
This is of course in the absence of any local and global exogenous events, which could substantially disrupt the supplies.
The November inflation print showed food inflation rising by 3.6 percent in the year through November, down from 4.1 percent, as the prices of fresh fish and rice came down notably. The inflation measured monthly showed food inflation falling by 0.1 percent.
The non-food inflation meanwhile rose by 1.5 percent in November, unchanged from a month ago, as the petrol prices were cut in November. The monthly prices were too down by 0.1 percent.
Global fuel prices fell to around five-year lows and the government could deliver another cut to the oil prices in January, if there isn’t going to be a big movement in global prices.