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Retail inflation fell to the lowest since December 2021, remaining within the central bank’s target for the second straight month.
The Consumer Price Index inflation was at 5.72% in December, compared to 5.88% in November, according to data released by the Ministry of Statistics and Programme Implementation, on Thursday.
A Bloomberg poll of 30 economists had estimated a reading of 5.9%.
Core inflation rose to 6.3% in December as compared to 6.26% in November, according to Bloomberg.
Inflation in food and beverages was at 4.58% in December, against 5.07% in November. Vegetable prices fell by 15.08% compared to a fall of 8.08% over the previous month.
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Image and article originally from www.bqprime.com. Read the original article here.