Highlights of Consumer Price Indices August 2023
About Report
Statistical Releases
CPI and Inflation Rates
August
2023
Overview
Overall year-on-year (annual) inflation rate as measured by the Consumer Price Index (CPI) was
6.7 per cent, in August 2023; a decline from an inflation rate of 7.3 per cent recorded in July 2023.
The month of August 2023 recorded a negative monthly inflation rate of 0.1 per cent.
The rise in annual inflation was mainly due to an increase in prices of commodities under the
following Classification of Individual Consumption by Purpose (COICOP) divisions;