In September 2021, Inflation is relatively unchanged. Recorded at 1.60% in September 2021 compared to the previous month of 1.59% (y.o.y). On a monthly basis, headline inflation recorded a deflation of -0.04% (mtm), down from inflation of 0.03% (mtm) a month earlier but nearly on a par with -0.05% (mtm) monthly deflation recorded in the same period last year. The drop in monthly inflation was attributed by a deflation in the volatile foods category and a decline in core inflation amid rising inflation in the administered price category.

Link: Macroeconomic Analysis Series, BI Board of Governor Meeting October 2021