Consumer Prices Jump 3.2% in June Amid Soaring Oil Costs

Consumer prices rose at their fastest pace in two and a half years last month.

According to the June consumer price trends released by the National Data Agency, the consumer price index stood at 119.99 last month, marking a 3.2% increase compared to a year ago.

This surge is attributed to the rise in international oil prices following the impact of the Middle East conflict, which caused petroleum prices to climb at their highest rate in three years and 11 months.

The living cost index rose by 3.4%, marking the largest increase in two years and two months since April 2024.
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