Inflation soars to 5 per cent in September

Inflation as measured by Consumer price index stood at 5.0% for September 2021, this is an increase of 1.9% on the previous month August 2021.

Transport, Housing, water, electricity, gas and other fuels and Furniture, household equipment and maintenance are the three biggest contributors to the increase in the rate of inflation. Each contributes to a 3.8%, 0.6% and 0.4% increase in the overall 12-month rate respectively.

All items within Transport category experienced an increase in prices. Air travel experienced the biggest increase in prices (68.0%), followed by petrol and oil (17.1%).

Within Housing, water, electricity, gas and other fuels, oils and other fuels experienced the biggest increase in prices (46.1%) compared to same month last year. Within Furniture, household equipment and maintenance, other household equipment experienced the greatest increase in prices (13.8%) compared to September 2020.

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