NCPI Note September 2024
Headline annual inflation dropped to 3.4% in September 2024, down from 4.4% the previous month and 5.4% a year earlier. This marks the lowest annual inflation rate since March 2021 (3.1%). A substantial drop was anticipated due to fuel price decreases in September and a base effect from the previous year. This is expected to repeat in October, with further fuel price cuts and an even stronger base effect.
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