The overall rate of inflation as measured by National Consumer Price Index (NCPI) on a year on year basis increased to 3.4% in July 2018 as against 2.5% in May 2018.
Inflation for the July reached 3.4 % in July 2018 having been below the 3 percent level over the previous four months, the Department of Census and Statistics (DCS) said.Inflation in July was driven mainly by increases in prices of the non-food category of the index, mainly transport.
Inflation of the food group in the index increased from 0.5% in June 2018 to 2.4% in July 2018 and that of the non food group increased from 4.2% to 4.3%.
The contribution of food commodities to inflation was 1.09 percent in July 2018 while the contribution of non food items was 2.31%.
This was mainly due to expenditure value increases in transport by 0.79%, health’ by 0.49% and housing, water, electricity, gas and other fuels’ by 0.21%.
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