Consumer Price Indices and Inflation Rates-August 2023

The overall year on year inflation rate as measured by the Consumer Price Index (CPI) was 6.7 per cent, in August 2023. During the reference month, all sectors continued to record general increase in prices. Prices of commodities under Transport; Food and Non-alcoholic Beverages; and Housing, Water, Electricity, Gas and other fuels, increased by 13.1, 7.5 and 7.5 per cent, respectively, between August 2022 and August 2023. These three divisions account for over 57 per cent of the weights of the 13 broad categories. As presented in Table 1 and Table 2, the CPI decreased by 0.1 per cent from an
index of 134.15 in July 2023 to 134.02 in August 2023.