INFLATION
Oil Impact Still High Banking

THE pressure of inflation throughout July is easing. Last month it was only 1.37 percent, a significant enough drop from June’s 2.46 percent. Year-on-year inflation was also down from 11.9 to 8.85 percent. A survey by the Central Bureau of Statistics showed that the impact of oil price increase is decreasing. July’s inflation was largely driven by the foodstuff factor that was decreasing in the real