Inflation continued its consistent rise in month of June settling at 22.79 percent, higher than 22.41 percent position in May.
The June 2023 inflation rate showed an increase of 0.38% points when compared to May 2023 headline inflation rate.
On a year-on-year basis, the Headline inflation rate was 4.19% points higher compared to the rate recorded in June 2022, which was 18.60%. This shows that the Headline inflation rate (year-on-year basis) increased in June 2023 when compared to the same month in the preceding year i.e., June 2022).
