NCPI Note August 2024
Headline annual inflation decelerates to 4.4% in Aug ’24 – the lowest since Nov ‘21. Food & Non-Alcoholic Beverages was the only major basket to record an increase from the previous month, and was driven by accelerations in the annual inflation rate of bread and cereals, meat and oils & fats. However, Khomas rent annual inflation has been adjusted consecutively, now up to 9.3% from 8.3% in the previous month. On a monthly basis, inflation is up 0.3% from 0.2% in the previous month, with Food & Non-Alcoholic Beverages up 0.7% m/m.
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