Inflation Eases Slightly, Projected To Increase

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Consumer inflation for the month of March eased slightly from 6.1 percent to 6 percent, the Central Statistics Office reported last week.

In a statement, the CSO said that four group indices recorded changes of at least 1.0 percent between February and March - Clothing & Footwear (1.4 percent), Furnishing, Household Equipment and Maintenance (1.4 percent), Restaurants & Hotels (1.1percent) and Housing, Water, Electricity, Gas & Other Fuels (1.0 percent).

 However, inflation will be expected to register a marked increase next month mainly on the back of the 2 percent hike in Value Added Tax (VAT) which came into effect at the beginning of this month.

Editor's Comment
Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

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