Members were informed that inflation, which reflects the price increase over time, had declined substantially to 2.7 per cent last month, down from a high of 9.6 per cent in September 2022.
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According to the Consumer Price Indices and Inflation Rate for October 2024, Food and Non-Alcoholic Beverages sector saw a 4.3% annual increase,
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The macroeconomic indicators showed mixed performance during the quarter under review
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The CPI and inflation is generated from data collected through monthly survey of retail prices that targets a representative basket of household consumption goods and services.
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