Federal finance and statistics / National Bureau of Statistics

CPI and Inflation Report July 2022

Executive Summary CPI for July 2022 was 463.6 relative to 387.5 in July 2021. In July 2022, on a year -on- year basis, the headline inflation rate was 19.64%. This was 2.27% points higher compared to the rate recorded in July 2021, which was (17.38 %). This shows that the headline inflation rate increased in the month of July 2022 when compared to the same month in the previous year (i.e., July 2021). This means that in the month of July 2022 the general price level was 2.26% higher than in July 2021. On a month-on-month basis, the Headline inflation rate in July 2022 was 1.817 %, which was 0.…