The headline inflation rate grew at a faster pace of 1.7% yoy in June, compared with +1.6% in May and a low of +1.2% in February. This was the fourth consecutive month of picking up and the fastest rate of increase in 13 months, indicating that price pressure is gradually building up and as the high base effect dissipates. Despite
the rise, we view the pace of increase as manageable. The stronger inflation rate during the month was reflected in higher food & non-alcohol beverage prices, while the core inflation rate remained stable.
Economic Highlights : Inflation Picked Up In June And Will Likely Accelerate Following The Removal Of Fuel ...
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