The CSO Consumer Price Index rose by 7.8% between January 2022 and January 2023.
January is the sixteenth consecutive month where the annual increase in the CPI has been at least 5%. “We do believe that this downward trajectory with inflation will continue and will actually accelerate, particularly in quarter two and quarter three of this year, so that is good news,” he said.
Which means we are still paying 7.8% more for products. Remember its down but still up.
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