Inflation Remains At 0.6% In June.
6 July 2008
Total inflation in June was 6.4% YTD. Concorde Capital: CPIgrowth ratesstayed flat in June, remaining at May’s CPI level of 0.6%, as in 2003 and 2004. In this period, annual CPI rates totaled 8.2% and 12.3%, respectively. Our forecast for 2005 remains 13%. The growth rate of food prices has slowed from 2.2% in March to 0.5% in June. However, an accelerated price growth rate in the services industry, especially in public transportation, has offset the decline in food prices.
