The National Institute of Statistics (INS) has announced an inflation rate of 7.8% in June, posting a slight increase after a stability recorded in the last two months to 7.7%.
This increase is mainly explained by the rise in food prices by 8.6%, transport by 9.9% and clothing and footwear by 7%.
Food price hike decelerated
Food prices have increased by 8.6% year on year in June 2018, against 9.3%, the previous month. This rise is explained by higher meat prices (up 15.9%), fruit (15.4%), fish (10%) and edible oils (up 8.8%).
Increase in transport prices
Year-on-year, transportation group prices rose 9.9% due to higher vehicle prices and vehicle utilization expenses, respectively, by 12.9%.
Higher prices for various goods and services
On a year-over-year basis, prices for miscellaneous goods and services increased 10.8% as a result of personal care prices up 11.3%, insurance 9.3% and financial services up 7.5%.
Core inflation and inflation of administered products
The core inflation rate (excluding non-food and drink and non-energy) stabilized at 7.2% in June.
Prices of free products (non-administered), thus, post an increase of 8.6% against 5.1% for administered prices.
Free food products, meanwhile, grew by 9.8% against 2.3% for administered products.
