The Consumer Price Index (CPI) decreased by 0.4 point or 0.3% from 131.7 in June 2023 to 131.3 in July 2023.
Year-on-year (Y-o-y) inflation worked out to 5.9% in July 2023, compared to 11.0% in July 2022.
Headline inflation for the 12-months ending July 2023 worked out to 10.0%, compared to 8.4% for the 12-months ending July 2022 whereas teh Y-o-y CORE1 inflation stood at 3.1% in July 2023, compared to 10.5% in July 2022 while, y-o-y CORE2 inflation worked out to 4.3% in July 2023, compared to 8.3% in July 2022.
CPI_M_Jul23_070823