Ÿ The headline inflation rate picked up to 1.9% yoy in July, from +1.7% in June and a low of +1.2% in February. This was the fifth consecutive month of rising and the fastest rate of increase in 14 months, due partly to the increase in prices of fuel and sugar in mid-July and partly the lower base effect given that inflation contracted by a larger magnitude in the same month last year. As a result, the core inflation rate inched up to 1.4% yoy in July, after remaining stable at 1.2% in the last three consecutive months. Similarly, food & non-alcohol beverage prices also grew at a faster pace of 2.9% yoy in July, compared with +2.7% in June and a low of +0.8% in October last year.
Economic Highlights : Inflation Picked Up In July, In Line With The Increase In Fuel And Sugar Prices - 19/...
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