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August 2022 food inflation peaks

September 21, 2022
in News
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August 2022 food inflation peaks

Food Inflation increases to 84.6% in August 2022 from 82.5% in July 2022, reported the National Consumer Price Index on Wednesday (21).

The overall rate of inflation measured by NCPI on a year-on-year basis is 70.2% in August 2022, and inflation calculated for July 2022 was 66.7%.

The Department of Census and Statistics noted that the reported inflation for the month of August 2022 was mainly due to the high price levels in both food and non-food groups.

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