The Central Statistical Office through its monthly survey on consumer prices today announced that the annual rate of inflation, as measured by the all items Consumer Price Index (CPI), was recorded at 14.2 percent as at September 2008. This rate is 1.0 percentage point higher than the August rate of 13.2 percent. Compared with the same period last year, the annual rate of inflation increased by 4.9 percentage points, from 9.3 percent in September 2007 to 14.2 percent in September 2008.
The September 2008 inflation rate of 14.2 percent means that prices as measured by the all items Consumer Price Index (CPI) increased by an average of 14.2 percent between September 2007 and September 2008.