ECONOMIC INDICATORS
(A) Inflation
The overall year on year inflation edged 2.8% in November 2024 from 2.7% in October, marking the first increase since August. However, it remains below the central bank’s target range midpoint of 5%. The uptick was primarily driven by rising food prices, with the food and non-alcoholic beverages index increasing by 0.6%. The housing, water, electricity, gas and other fuels index decreased by 0.1%, mainly due to decreased LPG (gas) and electricity prices. Despite stable petrol and diesel prices, the transport index increased by 0.2%, due to higher international flight costs.
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