The annual inflation in August remained unchanged at 5.4%, the lowest rate of price increases since January 2016.
IJG research stated that on a year on year basis (y/y), four of the twelve basket categories rose at a quicker rate in August than in July and that this was offset by slower rates of inflation in 6 categories, while the rate of inflation in two categories remained unchanged. Prices for goods rose by 3.4% y/y while prices for services increased by 8.1% y/y.
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