Annual inflation rate rose to 39.7% by August-2023 end

CAPMAS announced on its official page that the annual inflation rate of commodity prices for the entire republic during the past August reached 39.7%, compared to 15.3% during the same month in 2022.

The main reasons for this increase include the rise in prices of the fish and seafood group by 0.3%, the dairy and cheese group by 3%, the oils and fats group by 0.2%, as well as an increase in fruit prices by 4%.

Vegetable prices also increased by 22.4%, sugar and sugary foods by 2%, coffee, tea, and cocoa by 1.5%, mineral water, soft drinks, and natural juices by 7%, and tobacco by 5.4%.

CAPMAS added that fabric prices increased by 1.9%, ready-made clothing by 0.6%, cleaning, repairing, and renting clothing by 2.2%, shoes by 1.2%, actual housing rent by 0.7%, and water and miscellaneous housing services by 0.2%.

Prices for furniture, furnishings, carpets, and other floor coverings increased by 1.4%, while home furnishings increased by 1.3%, household appliances by 2.5%, and prices for glassware, tableware, and household utensils by 2.4%.

This is despite a decrease in the prices of grains and bread by 1.4% and a decrease in the prices of meat and poultry by 3.2%.