Consumer Price Indices and Inflation Rates – August 2024
Changes in Average Retail Prices of Selected Commodities in the Last One Month
CPI August 2024
Changes in average retail prices of selected commodities in the last one year
CPI August 2024
About Report
Statistical Releases
CPI and Inflation Rates
August
2024
Overview
The year on year inflation rate as measured by the Consumer Price Index (CPI) was 4.4 per cent in August 2024. This means that the general price level was 4.4 per cent higher in August 2024 than it was in August 2023. The price increase was mainly driven by the rise in prices of commodities under Food and Non-Alcoholic Beverages (5.3%); Housing, Water, Electricity, Gas and other fuels (4.2%) and Transport (3.9%) between August 2023 and August 2024. These three divisions account for over 57 per cent of the weights of the 13 broad categories. The Alcoholic Beverages, Tobacco and Narcotics year on year index rose by 8.2 per cent.