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Friday, 8 August 2008

Inflation Statistics - July 2008

The CSO July Edition can be found here. Inflations continues its upward movement. Inflation was recorded at 12.6 percent in July. This rate is 0.5 of a percentage point higher than the May rate of 12.1 percent. Compared with the same period last year, the annual rate of inflation increased by 0.8 percentage points, from 11.2 percent in July 2007 to 12.6 percent in July 2008.
The increase of 0.5 of a percentage points in the annual inflation rate is attributed to the increase in the cost of petroleum products, public transport and household energy. Annual food inflation rate was recorded at 14.2 percent in July 2008, down from 15.6 percent in June 2008. The annual non-food inflation rate was recorded at 11.2 percent in July 2008, up from 8.8 percent in June 2008.

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