Inflation rate inched higher to 9.3 per cent in August from 9.2 per cent recorded in July.
The Consumer Price Index (CPI) report released on Sunday, September 13, by the National Bureau of Statistics, NBS, indicated that the jump in the inflation rate was “as a result of slower increases in Alcoholic Beverages, Tobacco and Kola; Health, Transport; and Recreation and Culture Divisions.”
The Food Sub-index rose year-on-year by 10.1 percent in August, slightly higher from 10.0 percent recorded in July.
The NBS reported that increases were observed in prices of bread, cereals, meats and fish, while slower increase in prices of fruit, vegetables, potatoes, and yams were observed.
The report showed that the advances recorded in the core sub-index increased at a faster pace in August relative to July.
The core sub-index increased year-on-year by 9.0 percent in August, being 0.2 percent points from 8.8 percent recorded in July.
Analysis of the divisions that contributed to the core sub-index revealed that the largest pressures were recorded in the housing, water, electricity, gas, education, restaurants and hotels.