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NCPI based headline inflation recorded at 70.2% on YoY basis in August 2022

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The overall rate of inflation as measured by NCPI on Year-on-Year basis is 70.2% in August 2022 and inflation calculated for the July 2022 was 66.7%. With respect to August 2021, the Reported inflation for the month of August 2022 was mainly due to the higher price levels prevailed in both food and non-food groups. Accordingly, the Year-on-Year inflation of the food group increased to 84.6% in August 2022 from 82.5% in July 2022 and the Year on Year inflation of the non-food group increased to 57.1% in August 2022 from 52.4% in July 2022.

Contribution Year-on-Year inflation

On Year-on-year basis, contribution of food commodities to inflation was 40.41 percent in August 2022 compared to the month of August 2021.

Contribution of non-food items was 29.79 percent. This was mainly due to price increases in groups of items ‘Transport’ (9.74%), ‘Housing, Water, Electricity, Gas and other fuels’ (5.03%), ‘Restaurant and Hotels’ (3.19%) ‘Furnishing, Household equipment and Routine household maintenance (2.69%), ‘Miscellaneous goods and services’ (2.73%), ‘Health’ (1.74%), ‘Alcoholic’ beverages, Tobacco and Narcotics’ (1.59%), ‘Clothing and Footwear’ (1.54%), ‘Education’ (0.81%), ‘Recreation and Culture’ (0.59%) and ‘Communication’ (0.13%) during the period.

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