Consumer Price Index (CPI), July 2022

The Year-on-Year Inflation Rate as measured by the CPI was 6.48 Percent. This rate of inflation for July 2022 is the percentage change in the Consumer Price Index (CPI) over the twelve months, from July 2021 to July 2022. In a nutshell, what the data depicts is that the general price level increased by 6.48 percent on a year-on-year basis. The month recorded less than one percentage point decrease from July 2021 to July 2022 (7.12 percent and 6.48 percent, respectively).