The Consumer Price Index (CPI) increased by 0.4 point or 0.4% from 102.8 in July 2024 to 103.2 in August 2024.
Year-on-year (Y-o-y) inflation worked out to 2.7% in August 2024, compared to 5.9% in August 2023. Headline inflation for the 12-months ending August 2024 worked out to 4.0%, compared to 9.6% for the 12-months ending August 2023.
Y-o-y CORE1 inflation stood at 1.8% for August 2024, compared to 3.3% in August 2023 while, y-o-y CORE2 inflation worked out to 3.1% in August 2024, compared to 4.5% in August 2023.
CORE1 inflation for the 12-months ending August 2024 stood at 2.3%, compared to 7.4% in August 2023. Similarly, CORE2 inflation for the 12-months ending August 2024 worked out to 3.6%, compared to 6.3% in August 2023.
