Monthly inflation rates from January 2024 to February 2025

Overall inflation, as measured by the Consumer Price Index (CPI), has largely remained within the medium-term target band of 5± 2.5 since June 2024.

In 2024, the inflation rate declined from 6.85 per cent in January to 2.7 per cent in October.

This decline was largely driven by low fuel inflation, stable food inflation, and exchange rate stability.

However, there has been a modest increase in the inflation rate, increasing to 3 per cent in December compared to 3.5 per cent in January and marginal decline to 3.2 per cent in January 2025.

The increase was largely driven by increases in fuel and food inflation.