There is a risk of inflation rising in the country before the budget and Eid al-Adha, as reported by national media on Thursday.
According to a report, the Ministry of Finance has issued its monthly economic update and outlook, estimating that inflation could potentially rise to between 3 to 4 percent in May.
The Ministry of Finance stated that inflation is expected to remain between 1.5 and 2 percent in the current month of April, while the inflation rate in the country was recorded at 0.69 percent during March 2025. The average inflation rate between July 2024 and March 2025 was 5.25 percent.
It is noteworthy that in the month of March, inflation in the country was lower than the Ministry of Finance’s estimates for the second consecutive month, with the annual inflation rate in March dropping further to 0.96 percent.
In March, the rate of inflation increased at the lowest level in three decades, reaching 0.7 percent. The Bureau of Statistics reported in its monthly inflation report that the annual inflation rate in February 2025 was recorded at 1.52 percent, and the average inflation rate from July to March remained at 5.25 percent.
Compared to February, the inflation rate in March increased by 0.89 percent. According to the Bureau of Statistics, in March, inflation in urban areas rose by 0.78 percent, while in rural areas, the inflation rate increased by 1.05 percent. In March, the inflation rate in urban areas stood at 1.16 percent, while in rural areas, it was recorded at 0.02 percent.
