Economy Update: Inflation Rate for August 2013

 

Source: STATIN
Source: STATIN

Inflation measures the change in the Consumer Price Index (CPI). The measurement is the main indicator of the movement of prices that is used in most countries. The CPI for August was 201.6. This represents a 0.4% rate of inflation over prices in July.

The highest movement within a division was recorded in the ‘Transport’ division, the movements were as a result of increased prices for petrol and petrol related products, as well as motor vehicles and airfare.

Calendar year-to-date inflation rate for August was 4.73%. For the corresponding period in 2012 this represents a 1.4 percentage point increase over the 3.31% that was recorded and a 0.9 percentage point above the 3.87% that was recorded for the similar period in 2011.

Click on the Chart to dig deeper and for more information see Consumer Price Index August 2013