August 15, 2023/InvestmentOne Update 

• Headline inflation rose to 24.08% y/y in July 2023 vs. 22.79% y/y in June 2023.
• Likewise, food inflation edged higher to 26.98% y/y in July 2023 vs. 25.25% y/y in June 2023.
• Elsewhere, core inflation advanced to 20.47% y/y in July 2023 vs. 20.27% y/y in June 2023.