Brief
Inflation rises 1.12% in July
Composite Consumer Price Index (CPI) rose 1.12% year over year in July, while edging down 0.01% from June, according to the Statistics and Census Service (DSEC). Food and non-alcoholic beverages increased 1.22%, driven by higher dining-out and takeaway costs, while transport prices rose 2.29% on higher airfares and gasoline prices. Clothing and footwear increased 2.61%, while miscellaneous goods and services rose 2.38%. For the first seven months, the average Composite CPI rose 1.11% year over year.
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