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Inflation at 5.4% for 12 months to June

Consumers faced an average 5.4 per cent increase in the cost of goods and services for the 12 months to June this year.
 
Deputy Director General of STATIN, Leesha Delatie-Budair, said the annual inflation as at June, was influenced by a rise in the cost of 'Food and Non-Alcoholic Beverages', which was up by 4.0 per cent. 
 
'Transport', up 11.1 per cent, and 'Housing, Water, Electricity, Gas and Other Fuels', up by 5.4 per cent, also contributed to the rising costs. 
 
"The inflation rate for the division 'Food and Non-Alcoholic Beverages' was influenced by a 3.8 per cent increase in the 'Food' group, inceases in the index for the classes 'Fruits and Nuts' at 11.1 per cent, and 'Cereals and Cereal Products', 4.0 per cent," Ms. Delatie-Budair reported. 
 
Higher prices for oranges, ripe bananas, pineapples and dried coconuts were the main contributors to the increase in the 'Fruits and Nuts' class. 
 
The deputy director general was speaking at STATIN's first face-to-face press briefing since the COVID-19 pandemic on Wednesday.


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