The inflation rate fell for the third consecutive month to 9.1% in July 2023 compared to 9.3% in June 2023, the prices of food, manufactured goods and services remained high, according to a note published on Saturday by the National Statistics Institute (INS). inflation excluding energy and food, went down to around 7.3%, down from 7.4% in June 2023. In particular, the annual rate of change for non-food items reached 16.4%, compared with only 2.2% for regulated food items. Soaring prices for food, industrial goods and servicesFood prices (annualised) rose by 14.2%, driven by a 35% increase in coffee, 32.5% for lamb, 21.6% for beef and 20.2% for edible oil. In addition, egg prices and fresh produce prices increased by 19.3% and 14.6% respectively.

Source: The North Africa Journal August 06, 2023 12:26 UTC