Food inflation remains stubborn
Tuesday, August 22, 2023 | 670 Views |
Higher and higher: The cost of living remains at elevated levels despite the drop in general inflation PIC: MORERI SEJAKGOMO
Annual inflation dropped to a 35-month low in July at 1.5 percent, from 4.6 percent in June, due mainly to the base effects of higher fuel prices in July last year and the June 20 reduction of pump prices this year.
However, annual food inflation was measured at 10.7% in July, down from 12.9% in June, indicating that prices remain elevated and their decline is far slower than other items measured by the Consumer Price Index.
“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...