Inflation increases as government says it is within normal range
As the year 2024 taps out, the annual inflation as measured by the consumer price index measured at 3.3 percent compared to the 2.9 percent registered in the year ending November 2024. This was largely due the rise in annual core inflation which was registered at 3.9 percent as of December up from 3.8 percent for the year ending November 2024. The major drivers in the annual core inflation were services and transport which recorded increases of 6.1 percent and 5.9 percent respectively. Despite the increase officials at UBOS maintain it is still within the inflation target of 5 percent .
