25 January 2025 In 2024, the inflation rate recorded a 0.4 per cent decrease compared to 2023. This was attributed to a 0.6 per cent decrease in the Non-Food index, following a decline in the prices of Transport (1.2 per cent), and Clothing and Footwear (3.3 per cent). Meanwhile, the Food and Non-Alcoholic Beverages index showed an increase of 0.5 per cent, primarily due to prices of non-alcoholic beverages (6.1 per cent).
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