Headline Inflation  The region’s headline inflation or overall inflation increased to 3.6 percent in October 2024 from 2.8 percent in September 2024. This brings the national average inflation rate from January to October 2024 to 3.7 percent. In October 2023, the inflation rate was higher at 4.7 percent. Main Drivers to the Upward Trend of the Headline Inflation  The uptrend in the overall inflation in October 2024 was primarily influenced by the faster annual increment in the heavily-weighted… Read more...

 Headline Inflation  The region’s headline inflation or overall inflation slowed down further to 2.8 percent in September 2024. This is the lowest inflation rate since the 2.7 percent inflation rate recorded in January 2022. The inflation rate in August 2024 was recorded at 4.2 percent. This brings the regional average inflation from January to September 2024 to 3.7 percent. In September 2023, the inflation rate was higher at 5.6 percent.     Main Drivers to the Downward Trend of the Headline… Read more...

Headline Inflation The region’s headline inflation or overall inflation eased to 4.2 percent in August 2024 from 4.4 percent in July 2024. This brings the regional average inflation from January to August 2024 to 3.8 percent. In August 2023, the inflation rate was recorded at 4.4 percent.   Main Drivers to the Downward Trend of the Headline Inflation The downtrend in the overall inflation in August 2024 was primarily brought about by the slower annual increment of food and non-alcoholic… Read more...

 Headline InflationThe region’s headline inflation or overall inflation decelerated to 4.4 percent in July 2024 from 4.6 percent in June 2024. This brings the regional average inflation from January to July 2024 to 3.7 percent. In July 2023, inflation rate was higher at 4.6 percent.Main Drivers to the Downward Trend of the Headline InflationThe downtrend in the overall inflation in July 2024 was primarily influenced by the decrease in the index of housing, water, electricity, gas and other… Read more...

 Headline InflationThe region’s headline inflation or overall inflation accelerated to 4.6 percent in June 2024 from 3.7 percent in May 2024. This brings the regional average inflation from January to June 2024 to 3.6 percent. In June 2023, inflation rate was higher at 5.3 percent.Main Drivers to the Upward Trend of the Headline InflationThe uptrend in the overall inflation in June 2024 was primarily influenced by the faster annual increment of housing, water, electricity, gas and other fuels… Read more...