Page 23 - Policy Economic Report -August 2026

POLICY AND ECONOMIC
OIL & GAS MARKET

increase in headline inflation after inflation had risen steadily from 2.74 per cent in January to 4.38 per
cent in June.

Table 1: CPI & Consumer Food Price Inflation (CFPI) – Inflation Rates & Index Values (July & June 2026)

Source: Ministry of Statistics and Programme Implementation - National Statistics Office

Food inflation increased more noticeably during the month. Inflation based on the Consumer Food Price
Index (CFPI) rose to 5.52 per cent in July from 5.32 per cent in June, with rural food inflation at 5.79 per
cent and urban food inflation at 5.05 per cent. At the broader division level, Food and Beverages recorded
inflation of 5.24 per cent, making it one of the major contributors to the overall increase in consumer
prices.

Figure 8: Trends in CPI (General) and Consumer Food Price Inflation (CFPI), June–July 2026

Source: Ministry of Statistics and Programme Implementation - National Statistics Office

Housing-related inflation remained relatively contained during July 2026. Housing inflation stood at 2.22
per cent, with rural housing inflation at 2.80 per cent and urban housing inflation at 2.01 per cent. Within
the broader Housing, Water, Electricity, Gas and Other Fuels category, inflation was 2.16 per cent at the

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