There was a decline in prices in the Housing, Water, Electricity, Gas and other fuels category by 0.8 per cent over the one year. These three divisions together account for over 57 per cent of the total weight across the
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The 2024 Gross County Product (GCP) Report released in January 2025 is based on data collected and compiled in December 2024.
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The report also shows that inflation eased to an average of 4.08% in the third quarter of 2024 from 6.93% in the same period last year, mainly driven by lower prices of food and non-alcoholic beverages.
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The overall index increased from 140.44 in October 2024 to 140.81 in November 2024, resulting in an inflation of 0.3 per cent over that period.
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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 are generated from data collected through the monthly retail price survey targeting a representative basket of household consumption goods and services.
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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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