Annual inflation rate rises to 7.4pct in January 2024
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The annual inflation rate rose to 7.4% in January 2024, from 6.61% in December, as food prices increased 5.64%, non-food prices went up 7.36% and services prices advanced 10.91%, according to data from the National Institute of Statistics (INS) published on Wednesday.
"The consumer price index in January 2024 compared to December 2023 was 101.10%. The annual inflation rate in January 2024 compared to January 2023 stood at 7.4%. The average rate of change in consumer prices in the last 12 months (February 2023 - January 2024) compared to the previous 12 months (February 2022 - January 2023)…
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