ECONOMIC INDICATORS
(A) Inflation
The overall year-on-year inflation declined to 6.7% in August from 7.3% in July. This was mainly attributed to reduced food prices. The food and non-alcoholic beverages index dropped 0.5%. The housing, water, electricity, gas and other fuels index remained the same due to lower cost of gas which offset the increase in electricity prices. However, the transport index rose by 0.3%, driven by a hike in fare prices.
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