Consumers paid 4.7 per cent more in August 2022 than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI].
The Ministry of Economy and Labour released the August 2022 CPI from the Department of Statistics.
“In summary, during August 2022, consumers paid 4.7 per cent more than they did a year ago for the basket of goods and services included in the CPI. This level of inflation increased 0.2 percentage points from the July 2022 annual inflation rate of 4.5 per cent.