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.
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.
