National Inflation Rate Decelerates Further as Contractionary Monetary Policy Cools Domestic Consumer Demand
The National Institute of Statistics and Censuses has reported a continued deceleration in the monthly consumer price index, signaling that the aggressive contractionary monetary policies of the Central Bank are successfully dampening domestic price pressures. While the reduction in the inflation rate provides crucial political capital for the administration, it occurs alongside a severe contraction in domestic retail consumption, manufacturing output, and overall economic activity.