Significant Rise in Food and Essential Goods Prices Over the Last Four Years
September 30, 2024
Inflation remains high, with prices increasing by 19.2% over the past four years. Food prices have seen an even greater rise at 25.7%. The government plans to end support measures, such as the subsidy for electricity and the zero VAT rate on essential goods. Consumers are buying cautiously, even though the rate of price increases has recently slowed down.