Inflation fell for the second consecutive time in May from a 2024 year high of 25.8% in March on the back of a significant decline in the annual inflation reading
Market Update Report [May 2024]
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Inflation Begins Second Quarter at 25.0%
Inflation extended its choppy performance as it began the second quarter of the year dipping from a four-month high as the ongoing hikes in the prices of food stuff coupled
Market Update Report [April 2024]
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Inflation Rises to a Five Month High in March
The local unit’s struggles against some of its international trading partner currencies coupled with soaring food prices on the back of delayed harvest pushed up the annual inflation rate to
Market Update Report [March 2024]
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Inflation Eases Back to 23.2% in February
Expectations of a reverse in the recent disinflation environment received a headwind as inflation in February eased down marginally to the level observed at the close of last year. The
Market Update Report [February 2024]
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Inflation Inches Up Marginally in January 2024
After months of a steady decline in the inflation rate, with the rate of inflation undergoing a sharp decline from a more than 20-year high to close the year 2023
Market Update Report [January 2024]
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Market Update Report [2023-Year End Edition]
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Inflation Closes 2023 at 23.2%
The rate of inflation ended the year dipping to its lowest in more than 20 months after trending above 40.0% in most parts of 2023. Consumer prices had spiraled out