Ministry may adjust year’s inflation target
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THE COMMERCE Ministry is preparing to adjust its 2016 inflation target next month, after the Consumer Price Index rose for the fourth consecutive month in July.
The ministry reported that inflation in the first seven months was slightly negative at minus-0.07 per cent after July’s CPI edged up 0.1 per cent year on year.
Month-on-month inflation was minus-0.35 per cent on lower fuel and food prices, the latter decline due to a higher supply of agricultural crops after the end of the harvest season.
