June Inflation is 12-year Low for Month
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June Inflation is 12-year Low for Month

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The consumer price index rose by 0.3 percent in June, the lowest June increase in 12 years, according to figures released Friday by the Central Bureau of Statistics.

The price index rose by 8.5 percent during the first six months of 1988 and now stands at 115.8 on a 1987 base of 100. In the 12 months ending in June, the index rose 16.1 percent.

If the trend continues, the 1988 inflation rate will be about 17.7 percent, compared to the Treasury’s target of 12 percent.

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