BusinessDay
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Food shocks, high energy cost to push prices higher in coming months

… as inflation hits 29-month high in August 2020

The persistent pressure on food supply coupled with the recent hikes in prices of essential utilities such as petrol and electricity, and foreign exchange restriction on food imports could further push domestic consumer prices, otherwise known as inflation, higher in coming months. According to analysts, petrol, power and food contribute a significant part of the…



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