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NCPI Note November 2024

NCPI Note November 2024

Annual inflation for November 2024 came to 3.0%, repeating last month’s figure and down from 5.7% twelve months ago. Monthly inflation came to 0.3%. A slight uptick was observed in the Food & Non-Alcoholic Beverages basket, up to 5.3% from 5.1% in the previous month as prices rose 0.7% m/m (the highest monthly increase across all baskets). Transport annual inflation decelerated further, from -2.9% to -3.5%, although this is due to a base effect (monthly inflation was 0.0% due to unchanged fuel prices for November).

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