INSUBCONTINENT EXCLUSIVE:
issued by the Department of Census - Statistics (DCS), the inflation of Food Group dropped to -1.4% in July from 4.1% in June 2023.The CCPI
for all items for the month of July 2023 was 190.2 and it records a decrease of 2.1 index points that is -1.12 percentage change compared to
June 2023 and the Y-on-Y inflation of Non Food Group decreased to 10.5% in July 2023 from 16.2% in June 2023.The CCPI is an economic
indicator constructed to measure inflation which is defined as percentage change in CCPI over the year
There are two measures of inflation in general use
One measure is Year on Year base or Point to Point inflation (The percentage change in the CPI during the last 12 months)
The other measure is Moving Average Inflation (The percentage difference between the average Price Index of last 12 months - the average
Price Index of previous 12 months).
