The General Index for the CPI (2003=100) experienced notable changes, showing a 4.75% increase on the previous month, a 49.86% rise on December of the previous year, a 61.53% jump on the same month of the previous year, and a 55.30% increase on the twelve-month moving averages basis in September.
Breaking down the data, housing saw the lowest annual increase at 20.16%, while hotels, cafes, and restaurants recorded the highest annual increase at 92.48%. In terms of monthly changes, clothing and footwear saw the lowest increase at 2.59%, while education experienced the highest monthly increase at 30.27%.
Within the indices of 143 basic headings (Classification of Individual Consumption by Purpose-COICOP 5 Digit Level), 11 basic headings saw a decrease, 4 remained unchanged, and 128 showed an increase in September 2023.
The indicator for the CPI, which specifies coverage (B), witnessed a sharp annual increase of 67.22% and a monthly increase of 5.06%.
Additionally, a change in the CPI excluding unprocessed food, energy, alcoholic beverages, tobacco, and gold revealed a 5.06% increase on the previous month, a 54.66% rise on December of the previous year, a 67.22% jump on the same month of the previous year, and a 57.75% increase on the twelve-month moving averages basis in September 2023.
The soaring inflation figures raise concerns about economic stability and will likely prompt authorities to take measures to address the impact on consumers and businesses in the coming months. The government and economic experts are closely monitoring the situation to determine appropriate responses. (ILKHA)
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