In October 2024, inflation rose slightly to 22.1%, up from 21.5% in September, spurred by increases in both food and non-food prices.

This is the second monthly increase after a five-month downward trend. Food inflation climbed from 22.1% to 22.8%, while non-food inflation rose from 20.9% to 21.5%.

Although the government aims for a year-end inflation rate of 15%, meeting this target may prove difficult given the persistent inflationary pressures and limited time remaining.

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