SUMMARY
- The quarterly inflation rate for the fourth quarter of 2024 was -0.5 percent compared to -1.4 percent for the third quarter of the same year.
- The annual inflation rate was -1.5 percent for the fourth quarter of 2024 compared to -0.8 percent for the third quarter of the same year.
- The average annual inflation for December 2024 is 1.2 percent
Table – Inflation rates
| Year | Quarter | Annual Inflation | Quarterly Inflation |
| 2022 | Mar-22 | 8.7 | 2.4 |
| 2022 | Jun-22 | 11.9 | 6.5 |
| 2022 | Sep-22 | 14.2 | 2.4 |
| 2022 | Dec-22 | 13.7 | 1.9 |
| 2023 | Mar-23 | 12.2 | 1.1 |
| 2023 | Jun-23 | 6.0 | 0.5 |
| 2023 | Sep-23 | 6.2 | 2.6 |
| 2023 | Dec-23 | 4.5 | 0.2 |
| 2024 | Mar-24 | 3.9 | 0.5 |
| 2024 | Jun-24 | 3.2 | -0.1 |
| 2024 | Sep-24 | -0.8 | -1.4 |
| 2024 | Dec-24 | -1.5 | -0.5 |
QUARTERLY CHANGES
The Clothing & Textiles group index has the biggest quarterly increase of 7.6 percent, influenced by:
- The Clothing’s index which increased by 7.8 percent
The Alcohol & Tobacco group index increased by 3.6 percent, influenced by:
- The Tobacco index which increased by 3.6 percent
The Housing group increased slightly by 0.02 percent, influenced by:
- Fuel & Electricity index which increased by 1.4 percent.
Table – Quarterly Changes by Groups
| Group | Quarterly change | Quarter |
| Food | -5.1 | Dec-24 |
| Housing | 0.0 | Dec-24 |
| Misc | -2.3 | Dec-24 |
| Transport | 0.0 | Dec-24 |
| Alcohol & Tobacco | 3.6 | Dec-24 |
| Clothing & Textile | 7.3 | Dec-24 |
ANNUAL CHANGES
The Housing group items had the highest annual contribution to CPI which increased
by 4.5 percent, influenced by;
- House Maintenance index increased by 18.0 percent.
- An increase of 5.9 percent in Fuel & Electricity
The Alcohol & Tobacco group increased by 4.1 percent, influenced by:
- Tobacco index increased by 5.6 percent.
The Clothing & Textiles group increased by 3.7 percent, influenced by:
- Clothing’s index increased 4.6 percent.
Table – Annual Changes by Group
| Group | Annual Inflation | Quarter |
| Alcohol & Tobacco | 4.1 | Dec-24 |
| Clothing & Textile | 3.7 | Dec-24 |
| Food | -9.8 | Dec-24 |
| Housing | 4.5 | Dec-24 |
| Misc | -0.5 | Dec-24 |
| Transport | 0.6 | Dec-24 |
For more information, click the buttons below to download the CPI tables and report