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Inflation 2023-09-20
  • There was a slight uptick in inflation from 4.7% in July to 4.8% in August after slowing for four consecutive months
  • Sugar, sweets and deserts increased by 18.5% between August 2023 and 2022
  • The price of cooking oil decreased by 13.6%

It's getting more expensive to have a sweet tooth. Sugar, sweets and desserts have increased by 18.5% over the past year. It's the highest increase of all the food items. Vegetables cost 16.6% more in August 2023 than in 2022. Although milk, eggs and cheese are 11.9% more expensive, it is now almost 14% cheaper to buy cooking oil. Food and the cost of electricity – which went up by 15.1% – contributed to the slight increase in year-on-year inflation.

— 20 September, 2023

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