Inflation readings consistently show that inflation is stretching higher as a result of the energy and supply shocks caused by the war in Iran with the Retail Price Index marking at 2.8% for April according to the National statistics Office. Inflation by the RPI is being recorded higher than with the Harmonised Index for Consumer Prices which marked inflation at 2.5% in April. RPI was at 2.7% in March. As usual, the biggest inflationary componen…
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