11:16 28 December 2024
December to End with Nearly 5% Inflation
In December, inflation will approach the 5 percent mark, while the annual average will settle at just under 4 percent. Experts are not entirely in agreement about the key factors driving this trend. The rise in inflation may be attributed to increasing food prices and the uncertain situation in the Middle East, which is affecting fuel costs. As in previous years, the holiday season’s heightened consumption will also contribute to the price surge.
Market analysts caution that the inflation spike may become more pronounced in the coming year.
(MondayNews)
