The Bureau of Statistics has clarified the recent inflation figures explaining that numbers may not fully capture the impact of the fuel subsidy removal and the unification of the exchange rate.
The tweet appears to be in an apparent response to the concerns of analysts who thought the inflation numbers came lower than expected.
The National Bureau of Statistics announced on Monday that the inflation rate for June 2023 was 22.79% while the monthly inflation rate was 2.13%
The NBS took to social media to provide an explanation pertaining to why the rates may have been lower than expected.
The response suggests the inflation numbers do not capture the full month of June but the first two weeks of June and the last two weeks of May.
As such, the effect of fuel subsidy removal and the unification of the exchange rate was yet to fully impact the inflation rate.
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