Should these preliminary figures be confirmed, it would signify that the annual rate of inflation has remained stable, as the rate for September 2023 was also 3.5 per cent. Meanwhile, the estimated annual underlying inflation rate decreased by six-tenths, standing at 5.2 per cent, NSI said in a press release.
In terms of monthly figures, consumer prices saw a moderate increase of 0.3 per cent in October 2023 compared to the previous month.
ALCHEMPro News Desk (NB)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
