Inflation Rate Remains Same for September 2024 @0.4%

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THE Central Statistical Office (CSO) has released the Consumer Price Index (CPI) for September 2024, revealing a stable inflation rate of 0.4%.

This rate, unchanged from August 2024. It was recorded as 3.9% in September 2023.

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The All Items Index rose to 124.1, showing a slight increase of 0.2% from August 2024.

Notably, the Food and Non-Alcoholic Beverages sector experienced a 0.7% rise, driven by higher prices for fresh whole chicken, certain vegetables, and cheddar cheese.

The CSO stated, “The Index for Food and Non-Alcoholic Beverages increased from 149.2 in August 2024 to 150.2 in September 2024, reflecting an increase of 0.7%.

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“Contributing significantly to this increase was the general upward movement in the prices of fresh whole chicken, cucumbers, carrots, parboiled rice, oranges, Irish potatoes, bodi, cabbage, ripe bananas and cheddar cheese.

“However, the full impact of these price increases were offset by the general decreases in the prices of ochroes, onions, white flour, hot peppers, pumpkin, garlic, green sweet peppers, chocolate malt beverages, eggs and eddoes.”

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There were minor increases in the Alcoholic Beverages and Tobacco (0.3%) and Health (0.2%) sub-indices, while the Clothing and Footwear sub-index decreased by 0.2%.

Other categories remained stable through the month.

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