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Prices of meat, fish, bread, others soar... as inflation rises to 17.6 %


The Consumer Price Index (CPI) increased by 17.6% (year-on-year), which is 0.5 per cent higher from 17.1 per cent recorded in July.

The National Bureau of Statistics, NBS, in its August CPI report stated that the increase was fuelled by index in Housing, Water, Electricity, Gas and Other Fuel, Education and Transportation Services.

The Statistics Bureau noted increases were recorded in all COICOP divisions which contribute to the Headline index reflecting higher prices across the board.

The Food Index rose by 16.4 percent (year-on-year) in August, up by 0.6 percent points from 15.8 percent recorded in July.

The highest price increases were recorded in Meat, Fish, and Bread & Cereals groups.

During the month, all the major food groups contributed to the increase in the Food sub-index, however the pace of increase was slowed by Fruits, Potatoes, Yam and other Tubers as well as Oils and Fats, which reported slower increases during the month.

In addition, imported foods as reflected by the Imported Food Sub-index increased by 0.2 per cent points from July to 20.7 per cent in August.

“Price movements recorded by the All Items less farm produce or Core sub-index increased by 17.2 percent (year-on-year) in August, up by 0.3 percentage points from rates recorded in July (16.9 percent).

During the month, the highest increases were seen in Solid fuels, Vehicles parts Books & Stationeries and Clothing and other articles of clothing. On a month-on-month basis, the Headline index rose by 1.0 percent in August, marginally lower than the 1.3 per cent recorded in July. This is the third consecutive month of a slower pace of increase in the Headline Index,” the NBS said.

According to the report, the Urban index increased by 19.3 percent (year-on year) in August from 18.9 percent recorded in July, while the Rural index increased by 16.1 percent in August from 15.5 percent in July. On a month on- month basis, both Urban and Rural index increased at a slower pace, as Urban index rose by 0.9 percent in August from 1.4 percent in July, while the Rural index rose by 1.09 per cent from 1.12 per cent in July.

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