Tuesday, July 26, 2016

Inflation up in June as oil prices stabilize.

The Consumer Price Index (CPI) rose by 0.67 percent to 96.27 in June compared to that in May. The prices of water, electricity, gas, and other fuels jumped by 2.65 percent in June compared to the previous month while the cost of transportation rose by 1.24 percent, according to the Central Administration of Statistics (CAS).

The decline in oil prices has abated and is reflected in the monthly CPI, said economist and statistician, Robert Kasparian. It is too early to talk about a shift fro...

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