The National Bureau of Statistics (NBS) has announced that inflation rate reduced to 17.01% in August, 2021.
It was a reflection of 0.37% drop from the 17.38% rate in the previous month of July.
According to the document titled “Consumer Price Index (CPI) August 2021,” “The consumer price index, (CPI) which measures inflation increased by 17.01 percent (year-on-year) in August 2021.
“This is 0.37 percent points lower than the rate recorded in July 2021 (17.38) percent.”
The report said increases were recorded in all Classified Individual Consumption by Purpose (COICOP)…