Inflation hike blamed on fresh food, energy prices

Economy September 03, 2018 11:33

By The Nation

Inflation rose by 1.62 per cent in August compared with the same month last year and 1.46 per cent over July, the Commerce Ministry reported on Monday.



It was at its highest level in 14 months.

The ministry attributed the latest rise to increases in the prices of fresh food products of 0.31 per cent and energy of 9.05 per cent.

Without those two factors, inflation rose 0.75 per cent in August compared with the same month last year.

 

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