 The Consumer Price Index measures the rate of change in prices of goods and services. It's been moderated for the first consecutive time to 17.38% in July from 17.75 in June. This implies that prices continue to rise in July 2021, but at a slightly slower pace than it did in the previous month. This is according to the Consumer Price Index report for July released by the National Bureau of Statistics on Tuesday. The slowdown in inflation was due to the broad-based slowdown across the food basket. However, core inflation increased during the period. On month-on-month basis, the headline index increased by 0.93% in July 2021. This was 0.13% points lower than the rate recorded in June 2021, and that's 1.06%. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.