The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), rose to 2.4% in June 2024, up from 1.6% in May 2024, according to the latest data from the Department of Census and Statistics.
Food inflation increased to 1.9% in June 2024, compared to 0.5% in May 2024, while Year-on-Year inflation for the non-food group rose to 2.7% in June 2024 from 2.4% in May 2024.
Food commodities contributed 0.85% to inflation in June 2024, compared to June 2023.
The NCPI for all items was 206.3 in May 2024, marking a decrease of 1.9 index points from April 2024.
