Food inflation cools but stubborn spots remain

According to figures released by the data agency last week, inflation closed the year at 1.7 percent, having started 2024 at 3.9 percent - the latter representing its highest point in the 12 months.

Within the figures, annual food inflation generally trended downwards during the year, moving from 4.8 percent to 4.7 percent between November and December, a significant drop from the double-digit highs recorded during 2022 when inflation reached 14-year highs.