A Research Group, known as GCB Capital predicts that inflation will go down again in April 2024 after going up in March, which was the highest in four months.

The group indicates that inflation will drop by 1.0% in April 2024, but it will still be higher than it was in February 2024. They say this drop is mainly because of lower food prices.

In March 2024, inflation went up to 25.8%, which was a big increase. GCB Capital thinks this increase is temporary, but there are still risks that inflation could go up more, especially because of higher petrol prices and possible increases in transport fares.

They also say that if the price of Brent crude oil goes up to $100 per barrel, it could make petrol prices go up too, which would increase inflation.

Additionally, because there is not enough foreign money coming into the country and the local currency is losing value, this could also make inflation go up in the future.