Inflation, electricity and others catapult to 17%

The National Bureau of Statistics on Wednesday released the Consumer Price Index which equates inflation rate with the index increasing by 0.6 percentage points from 16.5 per cent in June to 17.1 per cent in July.

The bureau in the report attributed the increase to high energy prices which it added impacted negatively on the index.

It said despite the fact that the country is in a period of harvest, it had yet to feel the impact as food prices was still on the increase.

The report reads in part, “In July the Consumer Price Index which measures inflation increased by 17.1 per cent (year-on-year), 0.6 percentage points higher from the rate recorded in June (16.5 per cent).