Monthly inflation inches higher

The gradually rising inflation shows no sign of abating in the short to medium term according to Simonis Storm Securities. Inflation, which has edged up buy 0.1 percentage points, stands at 6.2% at the end of June. This rate is 0.6 percentage points higher than the recorded rate for June 2012. The monthly inflation rate for June 2013 was negative 0.2% compared to positive 0.2% for both April and May 2013 .The 12-month average inflation stood at 6.4% in June 2013, higher than the 12-month average of 6.1% recorded in June 2012.