Erratic rains complicate efforts to reduce inflation.

In June, the provisional Consumer Price Index (CPI) increased to 5.08%, breaking a five-month downward trend and 28 basis points quicker than the May estimate of 4.80%. Food prices were the primary culprit. In June, the Consumer Food Price Index (CFPI) reported a 67 basis point increase in food prices, reaching an alarming 9.36% year … Read more