The year-on-year inflation rate at ex-factory prices for all goods and services hit 28.5% in January 2025, from 26.1% recorded in December 2024.

The month-on-month producer inflation between December 2024 and January 2025 was 3.6%, higher than December 2024.

The Producer Price Inflation (PPI) in the industry sector, excluding the construction sector increased from 40.2% in December 2024 to 43.7% in January 2025.

The rate in the construction sector also increased to 29.8% in January 2025. In the Services sector, the rate was 7.7% in January 2025.

Mining and quarrying (47.5%), Construction (29.8%) and Accommodation and food service activities (29.0%), recorded inflation rates above the national average (28.5%).

In contrast, Water supply, sewerage, and waste management activity recorded the lowest rate of 4.8% in January 2025.

Manufacturing Sub-Sector

In January 2025, three of the 23 major groups in the manufacturing sub-sector recorded inflation rates higher than the Sector’s average of 19.9%.

The Manufacture of basic metals recorded the highest inflation rate of 49.5%, followed by the Manufacture of motor vehicles, trailers and semi-trailers at 35.8 percent, and the manufacture of leather and related products.

Services Sub-Sector

The Service producer price inflation in the Transport and Storage sub-sector decreased by 1.1 percentage points from 23.1% in December 2024 to 22.0% in January 2025.

The Accommodation and Food Services sub-sector rate also decreased by 1.4 percentage points from 30.4% in December 2024 to 29.0% in January 2025.

The Information and Communication sub-sector recorded an inflation rate of 4.2% for January 2025.