Inflation

Key Points

Consumer Prices Index (CPI)

• Inflation as measured by Consumer price index stands at 8.5% for April 2023, down from 9.1% in March 2023.
• 'Food and non-alcoholic beverages' the biggest contributor to the rate of inflation with an increase of 17.4%. Within this category, eggs experienced the highest rise at 58.5% compared with twelve months ago, all sub-categories of food and non-alcoholic beverages have undergone rises higher than the overall rate of inflation.
• The category 'Restaurants and hotels' exhibits the second biggest increase, having risen 15.9% compared with 12 months ago. 'Catering' has seen the biggest increase in this category (17.9%).
• The third biggest contributor to the rate of inflation was 'Alcoholic beverages and tobacco', which show a rise of 10.0%.