- Inflation increased in Dec-24 to 1.57% YoY and 0.47% MoM. This figure marks the lowest yearly inflation ever.
- Volatile food price has risen slightly on the back of both seasonal and climatic factors.
- Administered prices are not expected to be a source of inflation due to flat excise cigarette tax and low oil prices.
- The government’s cancelled VAT increase may be partially offset by tax amnesty, though this represents a one-time windfall.
