According to the INS, inflation dropped to 8.1% in December 2023. Consumer prices rose by 0.6% over one month and the average inflation rate for the year 2023 stood at 9.3 % against 8.3% in 2022.
This decline in inflation, despite the monthly increase, is due to the slowdown in the rate of price increases between December and November of this year compared to the same period last year.
Over one year, the prices of manufactured products grew by 7% due to the increase in the prices of construction materials by 5.4%, clothing products by 9.8% and routine household maintenance products. by 7.7%.
For services, the upsurge in prices is 6.1% over one year, mainly clarified , according to the INS, by the increase in prices of restaurant, cafe and hotel services of 11%, public transport services and private sector by 7%, financial services by 13.3% and insurance services by 5.1%,
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