The CPI increased by 0.5 point or 0.4% from 131.2 in May 2023 to 131.7 in June 2023. The main contributors to the change in the index between May 2023 and June 2023.
Year-on-year (Y-o-y) inflation worked out to 7.9% in June 2023, compared to 9.6% in June 2022. Headline inflation for the 12-months ending June 2023 worked out to 10.5%, compared to 8.0% for the 12-months ending June 2022.
Y-o-y CORE1 inflation stood at 3.6% in June 2023, compared to 10.9% in June 2022 while, y-o-y CORE2 inflation worked out to 5.0% in June 2023, compared to 8.2% in June 2022.
CORE1 inflation for the 12-months ending June 2023 stood at 8.7%, compared to 6.6% in June 2022. Similarly, CORE2 inflation for the 12-months ending June 2023 worked out to 7.0%, compared to 5.8% in June 2022.
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