Inflation

Key Points

Consumer Prices Index (CPI)

Inflation as measured by Consumer price index stands at 10.1% for October 2022, up from 9.8% in September 2022.

Housing, water, electricity, gas and other fuels' continues to be the biggest contributor to the rate of inflation with an increase of 31.6%, within this category 'Gas', saw the biggest increase of (149.7%).

'Food and non-alcoholic beverages', has seen the second biggest increase contributing 12.5% to the overall CPI. 'Oils and fats', have seen the biggest increase in this category up (34.8%).

The third biggest contributor to the rate of inflation was 'Restaurants and Hotels' contributing 10.5% to the overall CPI. 'Catering' has seen the biggest increase in this category (11.2%).