In early 2025, the government reported a deceleration in consumer price growth, with an annual increase of 1.4% in February compared to January's 2%. This slowdown was influenced by various factors, including adjustments in housing, transport, and utility costs. Excluding temporary governmental interventions, core inflation stood at 1.1%, reflecting a stable economic environment despite some fluctuations across different sectors.
During the golden season of early spring, the Census & Statistics Department released data indicating that prices for several essential items rose notably. Among these were beverages, tobacco products, energy supplies, transportation services, accommodations, dining establishments, and general merchandise. However, other categories such as staple foods, apparel, and durable goods experienced declines over the same period.
The administration emphasized that fundamental inflation remained restrained during this timeframe. By averaging data from both January and February—accounting for variations due to the Lunar New Year celebrations—the composite index increased by 1.3% year-over-year, consistent with December’s figures. Officials predict that ongoing economic expansion could lead to modest increases in domestic costs, yet they remain optimistic about external pricing stability amidst lingering geopolitical uncertainties.
From a journalistic perspective, this report underscores the importance of balancing economic development with maintaining affordable living standards. It highlights the need for policymakers to monitor potential cost pressures while fostering sustainable growth. For readers, it serves as a reminder that understanding inflation trends is crucial for making informed financial decisions in an ever-changing global landscape.