Macroeconomic Analysis Series: Monthly Inflation, September 2022

Year-on-year (YoY) inflation in August 2022 was reported at 4.69% or a decrease of 0.25% compared to YoY inflation in July2022. Month to Month (MtM) deflation recorded at 0.21%, which was a decrease of 0.84% compared to MtM inflation in July 2022. BPS reported that core inflation and government-regulated prices contributed to inflation by0.24% and 0.06% respectively, while volatile prices contributed to deflation by 0.51%. Deflation occurred in Deflation occurred in the food ingredients sector (2.64%), food, beverages and tobacco (1.80%), transportation (0.08%), and information, communication and financial services (0.03%). On the other hand, other sectors experienced inflation, with the dominant price increases occurring in the education sector (1.85%), energy (0.76%), and housing, air, electricity, and other fuels (0.58%).

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