Topic: consumer price index

The growth mainly driven by higher rental housing prices, food costs, and dining-out expenses.

The CPI increase attributed to the price hike of the food and food service, housing, electricity, and medical services.

Inflationary pressure will persist until the end of the year and even into the beginning of 2023, analysts believe. The main cause is cost-push, with monetary factors a secondary cause. Minimizing the negative impact of rising raw material, gasoline, and food prices will determine the effectiveness of inflation management.