According to NISR, the CPI for September 2024 increased by 1.2 percent compared to August 2024.
Prices for ‘Food and Non-Alcoholic Beverages’ decreased by 4.5% on an annual basis, but saw a monthly increase of 2.5%.
The ‘Housing, Water, Electricity, Gas, and Other Fuels’ category also recorded a 4% increase year-on-year, with a slight monthly rise of 0.1%. Transportation costs surged by 18.2% annually, with a modest monthly increase of 0.1%.
Additionally, the data show that prices for “local products” rose by 1.3% year-on-year and 1.5% month-on-month. Meanwhile, “imported products” saw a 6.3% increase annually and a 0.4% rise on a monthly basis.
Prices for “fresh products” decreased by 4.3% year-on-year but experienced a significant monthly increase of 4.7%. In contrast, “energy” prices increased by 2.7% annually but dropped by 1.5% month-on-month.
Excluding fresh products and energy, the general index increased by 5% on an annual basis and 0.4% on a monthly basis, highlighting the broader inflationary pressure in the economy.
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