The average annual rate of inflation for the 12 months to July 2024 [i.e. comparing the average CPI for the 12 months from August 2023 – July 2024; with the average for the 12 months from August 2022 – July 2023] stands at 4.8 percent while the month-on-month inflation rate [compared with July 2023] stands at 6.8 percent.
