The average annual rate of inflation for the 12 months to April 2024 [i.e. comparing the average CPI for the 12 months from May 2023 – April 2024; with the average for the 12 months from May 2022 – April 2023] stands at 3.4 percent while the month-on-month inflation rate [compared with April 2023] stands at 7.1 percent.
