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Annual consumer inflation increased to 7.8% in July 2022 from 7.4% in June. Transport, food and non-alcoholic beverages, and housing and utilities continue to place considerable pressure on the annual rate. Bread and cereals, oils and fats, fuel and electricity contributed notably to the reading in July.

The headline annual inflation rate increased to 7.4% in June 2022 from 6.5% in May 2022.

The consumer price index accelerated to 6.5% in May 2022, from 5.9% in April.