In the first half of 2022, household final consumption prices rose by 5.1% year-on-year. On average over the past twelve months, inflation stood at 3.8% in June 2022 as against 2.2% for the same period in 2021. If the current pace of inflation is maintained, the inflation rate would rise beyond 4% by the end of December 2022 in the absence of additional measures to be taken by the Government as people are looking forward to a more conducive international environment.
