17/08/2026
July 2026 Inflation Key Highlights. โก
ยท Significant moderation in price pressures YoY,
ยท Food inflation remains a major concern
ยท Core inflation moderated for the second consecutive month but remains elevated, suggesting that underlying price pressures are still a concern.
ยท MoM, headline inflation slowed to 1.57%, although food inflation remains a concern, rising to 5.56%.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐บ๐ฝ๐น๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป
The continued moderation in inflation is positive for ๐ฐ๐ผ๐ป๐๐๐บ๐ฒ๐ฟ ๐ฝ๐๐ฟ๐ฐ๐ต๐ฎ๐๐ถ๐ป๐ด ๐ฝ๐ผ๐๐ฒ๐ฟ ๐ฎ๐ป๐ฑ ๐๐ต๐ฒ ๐ฏ๐ฟ๐ผ๐ฎ๐ฑ๐ฒ๐ฟ ๐บ๐ฎ๐ฐ๐ฟ๐ผ๐ฒ๐ฐ๐ผ๐ป๐ผ๐บ๐ถ๐ฐ ๐ผ๐๐๐น๐ผ๐ผ๐ธ.
However, persistent food-price pressures could keep the ๐๐๐ก ๐ฐ๐ฎ๐๐๐ถ๐ผ๐๐ and limit the pace of monetary policy easing.
๐ฆ๐๐ ๐ง๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฉ๐ถ๐ฒ๐
The direction of inflation remains encouraging, but the sustainability of disinflationโparticularly across food and core inflationโwill be critical for the outlook for monetary policy, yields, equities and consumer spending.
