Consumer price inflation for August was released a couple of days ago (log annual and monthly changes):
Inflation decelerated slightly to 1.9% in log terms, largely due to an actual decline in overall food prices for the month (log annual and monthly changes):
A little unusual, but not wholly unexpected as stable prices generally follow major holidays.
But this is just the calm before the storm, given that the 20sen petrol and diesel subsidy cut occurred the first week of September.
Next month’s consumer price numbers will make for much more interesting reading.
August 2013 Consumer Price Index report from the Department of Statistics