Analysts expect inflation of around two percent

The targeted VAT cuts in certain goods and services (poultry meat, eggs, raw milk, internet, hospitality) reduce inflation, while the fuel prices, rising domestic demand and wage increases increase consumer price indices, so inflation is likely to remain around 2 percent in the remainder of the year – analysts told MTI.

According to the latest communication of the Central Statistical Office (KSH), consumer prices were 2.1 percent higher on average in July than in the previous year, compared to the same period of last June. (MTI)