Consumer Price Indices and Inflation Rates – Highlights April 2024

Overall year-on-year (annual) inflation rate as measured by the Consumer Price Index (CPI) was 5.0 per cent, in April 2024; a decrease from an inflation rate of 5.7 per cent recorded in March 2024. The month of April 2024 recorded a monthly inflation rate of negative 0.2 per cent.
The rise in annual inflation was mainly due to an increase in prices of commodities under the following Classification of Individual Consumption by Purpose (COICOP) divisions;