Consumer Price Indices and Inflation Rates-July 2023

The overall year on year inflation rate as measured by the Consumer Price Index
(CPI) was 7.3 per cent, in July 2023. The inflation was largely due to increase in
prices of commodities under Transport (13.0%); Food and Non-alcoholic Beverages
(8.6%); and Housing, Water, Electricity, Gas and other fuels (7.8%) between July
2022 and July 2023. These three divisions account for over 57 per cent of the
weights of the 13 broad categories.
As presented in Table 1 and Table 2, the CPI increased by 0.1 per cent from an
index of 134.01 in June 2023 to 134.15 in July 2023.