The National Bureau of Statistics on Monday released the Consumer Price Index which measures inflation stating that the country’s inflation rate has risen from 15.6 per cent to 16.5 per cent in June.
The 16.5 per cent increase in inflation rate represents one of the highest increases to be recorded by the country in recent times.
The bureau attributed the rise in inflation to increase in prices of electricity, kerosene, furniture and furnishing materials, passenger transport by road, fuel and lubricants as well as transport equipment
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