The overall year on year inflation rate as measured by the Consumer Price Index (CPI) was 8.0 per cent, in May 2023. As presented in Tables 1 and 2, the increase in inflation was largely due to increase in prices of commodities under Food and Non-alcoholic Beverages (10.2%); and Housing, Water, Electricity, Gas and other fuels (9.7%); and Transport (10.1%) between May 2022 and May 2023. Read More
