Federal finance and statistics / National Bureau of Statistics

CPI and Inflation Report September 2022

Executive Summary In September 2022, on a year-on-year basis, the headline inflation rate was 20.77%. This was 4.14% points higher compared to the rate recorded in September 2021, which was (16.63%). This indicates that in the month of September 2022 the general price level was 4.14% higher relative to September 2021. On a month-on-month basis, the Headline inflation rate in September 2022 was 1.36%, this was 0.41% lower than the rate recorded in August 2022 (1.77%). This means that in the month of September 2022, the headline inflation rate (month-on-month basis) declined by 0.41%, relative t…