Consumer Price Indices and Inflation Rates – January 2024
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Statistical Releases
CPI and Inflation Rates
January
2024
Overview
The overall year on year inflation rate as measured by the Consumer Price Index (CPI) was 6.9 per cent, in January 2024. This means that in January 2024, the general price level was 6.9 per cent higher than that of January 2023. This was mainly driven by increases in prices of commodities under Transport (10.6%); Housing, Water, Electricity, Gas and other fuels (9.7%); and Food and Non-Alcoholic Beverages (7.9%) between January 2023 and January 2024. These three divisions account for over 57 per cent of the weights of the 13 broad categories.