Q1 Consumer Price Index rises 3.22%
The CPI increase attributed to the price hike of the food and food service, housing, electricity, and medical services.
Inflation management a pressing issue
Inflationary pressure will persist until the end of the year and even into the beginning of 2023, analysts believe. The main cause is cost-push, with monetary factors a secondary cause. Minimizing the negative impact of rising raw material, gasoline, and food prices will determine the effectiveness of inflation management.
April CPI up 0.18%
The General Statistics Office has said the consumer price index (CPI) increased 0.18 per cent in April against March and 2.64 per cent year-on-year. It rose 2.1 per cent year-on-year in the first four months; lower than the rate posted in the first four months in all of the 2017-2020 period.