Overall monthly inflation declined to 0.3% in August 2022
Overall monthly inflation for August 2022 was recorded at 0.3 percent compared with 0.4 percent the previous month (see Figure 3). This outturn was mainly attributed to price decreases in some non-food items.
Figure 3: Overall Monthly Inflation, August 2021-August 2022 (%)
Monthly food inflation for August 2022 was 0.4 percent, an increase of 0.1 percentage points from 0.3 percent in July 2022. This development was mainly attributed to the general decrease in prices of items such as Vegetables (Rape, .Sweet potato leaves, lumanda, Cabbage, Tomatoes), Dried bream.
Monthly non-food inflation for August 2022 was recorded at 0.1 percent from 0.7 percent in July 2022. This outturn was mainly attributed to a slow down in price increases of non-food items such as Fuels & lubricants (Diesel, Petrol, Engine oil) and; Passenger transport by road (Mini bus fare, Coach fare,) (see Table 5).
Table 5: Overall Monthly Inflation Rate for Food and Non-Food Items, Aug 2021-Aug 2022 (%)
|Weight:||Aug- 2021||Sep- 2021||Oct- 2021||Nov- 2021||Dec- 2021||Jan- 2022||Feb- 2022||Mar- 2022||Apr- 2022||May- 2022||June- 2022||July- 2022||Aug- 2022|