CPI: July food prices rose 4.9% year-on-year
Food prices rose 4.9 per cent year-on-year in July, the latest Consumer Price Index figures show.
The CPI for the month, released today by the Ministry of Economy and Labour, showed that consumers paid 1.9 per cent more in July than they did a year ago for the basket of goods and services included in the Consumer Price Index.
This level of inflation decreased 0.4 percentage points from the June 2024 annual inflation rate.
From July 2023 to July of this year, the cost of food increased by 4.9 per cent; the cost of rent increased by 2.1 per cent; prices in the health and personal care division increased by 3.3 per cent; costs in the education, recreation, entertainment and reading division increased by 2.5 per cent; and the household goods, services and supplies division costs rose by 1.7 per cent.
Between June and July this year, the average cost of goods and services in the CPI increased by 0.1 per cent.
Over that period, food costs increased 0.5 per cent; fuel and power costs rose by 1 per cent; the cost of rent increased by 0.2 per cent; and the cost of clothing and footwear increased by 0.7 per cent.
The all-items index rose from 117.8 to 117.9. This means that the basket of goods and services that cost $100 in April 2015 now costs $117.90.
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