Consumer Price Index increases by a yearly 7.57% in July 2018 alone
IInflation recorded a yearly rate of 7.57% in July 2018 from July 2017 as indicated by the Central Administration of Statistics’ Consumer Price Index (CPI). It is important to note that the average inflation rate for the first seven months of 2018 was recorded at 6.2%.
In parallel, water, electricity, gas and other fuels registered the largest annual increase in inflation
by category by a yearly 17.04% in July 2018 followed by clothing and footwear and transportation
prices by a yearly 14.64% and 12.88% when compared to July 2017. Moreover, old rental prices
increased by an annual 10.12% followed by recreation and culture which increased by a yearly
7.82%. Communication prices, on the other hand, witnessed the lowest increase of 1.03% on a
yearly basis in July 2018.
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