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Inflation shoots up to 11%, from 6.5% a year ago

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Inflation shoots up to 11%, from 6.5% a year ago

Year-on-year inflation worked has risen to 11.0% in July 2022 from 6.5% in July 2021.

Headline inflation for the 12-months ending July 2022 worked out to 8.4%, compared to 2.6% for the 12-months ending July 2021.

The Consumer Price Index (CPI) increased by 1.9 points or 1.6% from 122.1 in June 2022 to 124.0 in July 2022.

The two main contributors to the change in the index were cooking oil and powdered milk.

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.