News
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.