Year-on-Year Inflation for June 2022 Hits single digit at 9.7 Percent
Annual inflation for June 2022 decreased to 9.7 percent from 10.2 percent recorded in May 2022. This means that on average, prices of goods and services increased by 9.7 percent between June 2021 and June 2022 (see Figure 2). The slowdown in annual inflation was mainly attributed to price movements in both food and non-food items.
Figure 2: Annual Inflation Rate, June 2021-June 2022 (%)
Annual Food and Non-Food Inflation
Annual food inflation for June 2022 was recorded at 11.9 percent compared to 12.3 percent in May 2022 (see Figure 3). This development was mainly attributed to price movements in food items such as Cereals (Imported Rice, Local Rice, Bread & Buns), Meat (Brisket, Rump steak, Fillet steak, Mixed Cut, T-bone) Chicken (Chicken frozen, Live Chicken,); and Vegetables (Spinach, Cassava leaves, Chinese Cabbage, Okra, Cabbage and Tomatoes).
The annual non-food inflation for June 2022 was recorded at 6.9 percent from 7.5 percent in May. This outturn was mainly on account of price movements in non-food items such as Garments (Mens shirt imported, Mens trousers imported, ladies skirt imported, Ladies bra), Purchase of Vehicles (Toyota Hilux, Nissan Almera, Nissan Hardbody), and Charcoal.
Figure 3: Annual Food and Non Food Inflation, June 2021-June 2022 (%)