The Consumer Price Index, which measures inflation dropped further to 17.38 per cent (year-on-year) in July 2021.
This is 0.37 points lower than the rate recorded in June 2021 (17.75 per cent).
The National Bureau of Statistics disclosed in its Consumer Price Index report for June which was released on Tuesday.
Meanwhile, food inflation declined to 21.03 per cent compared to 21.83 per cent recorded in the previous month, while core inflation stood at 13.73 per cent, up by 0.63 per cent compared to 13.09 per cent recorded in the previous month.
According to the NBS, this rise in the food index in June was caused by increases in the prices of milk, cheese and eggs, coffee, tea and cocoa, vegetables, bread and cereals, soft drinks and meat.
It added that month-on-month basis, the food sub-index increased by 0.86 per cent in July 2021, down by 0.25 per cent points from 1.11 per cent recorded in June 2021.
“The average annual rate of change of the Food sub-index for the twelve months ending July 2021 over the previous twelve-month average was 20.16 per cent, 0.44 per cent points from the average annual rate of change recorded in June 2021 (19.72 per cent),” it said.
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