Release Date | : | September 3, 2024 |
File Size | : | 1.6 MB |
Abstract
In August 2024, the deflation rate was 0.13 percent, with the Consumer Price Index (CPI) being 107.43.
Deflation occurred due to a decrease in prices, indicated by the declination in most expenditure group indices: the food, beverage, and tobacco group by 0.60 percent and the housing, water, electricity, gas and household fuels group by 0.30 percent; and the information, communication and financial services group by 0.01 percent.
The inflation rate within the calendar year (January 2024- August 2024) was 1.03 percent, and the year-on-year inflation rate (August 2024 compared to August 2023) was 2.30 percent.
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