Inflation touches record low, outlook benign
Friday, September 23, 2016
We have maintained the view that inflation is yet to reach its trough and in the month under review, the deceleration reached 2.6%, the lowest inflation rate we have on record.
This marks the eighth consecutive month that inflation came in either at the 3.0% lower bound or below. The short-term inflation outlook has been easier to predict with a reasonable degree of confidence given globally low inflation rates as well as soft domestic demand demonstrated by a stable core inflation rate of 3.6%.
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...