In a recent report released by the Central Statistical Office (GUS), it was revealed that the prices of consumer goods and services, as indicated by the Consumer Price Index (CPI), experienced an 8.2 percent year-on-year increase in September 2023. Additionally, there was a marginal decrease of 0.4 percent in prices on a month-on-month basis.
This data, in alignment with an earlier flash estimate provided by GUS, signifies a significant but slightly reduced inflation rate compared to the previous month. In August 2023, the CPI had shown a 10.1 percent year-on-year increase, with prices remaining stable month on month.
Analysts are attributing these fluctuations to a variety of factors, including global market dynamics, supply chain disruptions, and changes in consumer demand patterns. While the slight dip in September might provide some respite, it remains crucial for policymakers and businesses to remain vigilant in adapting strategies to mitigate the impact of inflation on the overall economy.