NewsInflation marginally rose last month to 2.5 per cent from 2.1 per cent in May, according to the Department of Census and Statistics (DCS). The change in the NCPI measured on an annual average basis however decreased from 5.7 per cent in May to 5.3 per cent in June. Meanwhile, within the Non-food category, prominent price increase was observed in Transport category mainly due to the upward administered price revisions to petrol, diesel and bus fare,” the release said. The NCPI Core inflation, which reflects the underlying inflation in the economy, increased marginally to 1.8 per cent in June from 1.7 per cent in May on a year-on-year basis. Meanwhile, annual average NCPI Core inflation declined to 2.9 per cent in June from 3.1 per cent in May.

Source: Sunday Times July 23, 2018 16:18 UTC