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Monday, 14 July 2008

Inflation Statistics - June 2008

The CSO June Edition can be found here. Inflations continues its upward movement. Inflation was recorded at 12.1 percent in June. This rate is 1.2 of a percentage point higher than the May rate of 10.9 percent. Compared with the same period last year, the annual rate of inflation declined by 1.0 percentage points, from 11.1 percent in June 2007 to 12.1 percent in June 2008.

The increase of 1.2 of a percentage points in the annual inflation rate is attributed to the increase in the cost of food, with sugar prices accounting for 1.0 percentage points out of the total increase of 1.2 percentage points. Annual food inflation rate was recorded at 15.6 percent in June 2008, compared to 11.7 percent in May 2008. The annual non-food inflation rate was recorded at 8.8 percent in June 2008, compared to 10.1 percent in May 2008.

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