Consumer inflation (headline CPI) edged up slightly to 6,4% in August compared with July\u2019s reading of 6,3%. The increase was mainly a result of upward pressure from food and motor vehicle prices.\u00a0 Annual food and beverage inflation, which registered 8,8% in June and July, climbed to 9,4% in August. \u00a0Food inflation has been increasing since December 2013 when it registered at 3,5%. Meat and dairy products were the main drivers of food inflation in August. Meat prices returned to their inflationary trend after a brief pause in July, increasing by 1% between July and August while July\u2019s comparable figure was -0,3%. Beef (1,2%), mutton\/lamb (3,5%) and chicken (0,7%) all showed strong monthly increases.<\/p>\n
Milk and cheese prices increased by 2,0% and 3,3% respectively between July and August, following an average increase of 1,6% between June and July.\u00a0 The milk, eggs and cheese index showed an annual increase of 12,7%.<\/p>\n
While petrol prices were unchanged in August, prices of new vehicles increased by 1,2% from\u00a0 the previous month. They now show an 8,1% annual inflation rate \u2013 the highest annual increase for new cars since December 2009.\u00a0 This increase follows recent press statements by vehicle manufacturers and retailers that prices would gradually rise to compensate for currency depreciation over this year.<\/p>\n
Download full publication here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Consumer inflation (headline CPI) edged up slightly to 6,4% in August compared with July\u2019s reading of 6,3%. The increase was mainly a result of upward pressure from food and motor vehicle prices.\u00a0 Annual food and beverage inflation, which registered 8,8% in June and July, climbed to 9,4% in August. \u00a0Food inflation has been increasing since read more »<\/a><\/p>\n