The Urban CPI increased by 5 percent on annual basis (August 2024 compared to August 2023) and it increased by 0.9 percent on monthly basis (August 2024 to July 2024). The annual average inflation rate between August 2024 and August 2023 was 6.6 percent.
On annual basis, the local goods index increased by 4.1 percent, the imported goods index increased by 7.8 percent, the fresh products index increased by 2.7 percent, the energy index increased by 6 percent and the core index or the general index excluding fresh products and energy increased by 5.6 percent.
On monthly basis, the local goods index increased by 0.8 percent, the imported goods index increased by 1.5 percent, the fresh products index increased by 2.6 percent, the energy index was stable and the core index increased by 0.5 percent.