Reported about 1 year ago
On July 5, 2024, due to fluctuating weather affecting fruit prices, the inflation rate for June rose to 2.42%, reaching a nearly four-month high. However, the Q2 inflation rate came in at 2.20%, marking a near four-season low. The release of the CPI data by the Directorate-General of Budget, Accounting and Statistics revealed that international raw material prices falling have indicated a slowdown in inflationary pressures. Various factors contributing to inflation rates, such as rent, food, medical expenses, and entertainment costs, have been consistent throughout the year, with the major contributors in June being rent and medical expenses. Despite the slight increase in June's inflation rate, it remains above the 2% alert threshold, but Q2 data indicates a decrease, signaling a gradual slowdown in domestic inflation pressures.
Source: YAHOO