Macroeconomic Update | Inflation Report | July 2022

Dear All,

The National Bureau of Statistics (NBS) reported a rise in consumer prices for the month of July. Headline inflation stood at 19.64% YoY (vs. 18.60% YoY in June 2022), having trended upwards for six consecutive months. This represents the highest inflation rate recorded in 12 years and was sustained by the uptrend in food and core indices. 

Macroeconomic Update- Inflation report July 2022 (1)

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