July-August

July-August

September 29, 2022

The monthly CPI indicator rose by 6.8% over the year to August 2022, which followed a 7.0% YoY increase in July (the highest since Q2 1990). A 20.7% rise in the price of new dwellings purchased by owner-occupiers was the largest single contributor to the increase in the CPI over the year to August. The deceleration in fuel price growth was the main contributor to a slight decline in the annual rate of CPI inflation from July to August.

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