Central Bank: Inflation Rate in Syria Decreases to 46.7% over the Year

Economy

The overall inflation rate calculated in Syria for the period from February 2024 to January 2025 was 46.7%, which is lower than the rate of 119.7% recorded during the same previous period.

According to the inflation indicators report for January issued by the Economic Research and Public Statistics and Planning Directorate at the Central Bank of Syria, the continued rise in prices is attributed to inflationary pressures resulting from increased costs during the current assessed period, but not at the levels of increases seen during the previous period.

The annual inflation rate for January 2025 is 6.4%, significantly lower than the rate of 118.9% recorded for the same period in 2024.

This decrease is explained in the report by the improvement in the exchange rate following the liberation process and a significant increase in the supply of goods and materials in the local market, which led to a substantial reduction in inflationary pressures.

The monthly inflation rate for January 2025 is 8.7%, higher than the rate of 13.8% for December 2024. This is explained by a decline in prices after the liberation due to a significant reduction in inflationary pressures in light of the large increase in the supply of goods and materials and the improvement in the exchange rate.

Souha Suleiman

You might also like
Economy

UN , Saudi Arabia Sign Agreement to Rehabilitate Bakeries in Syria

Economy

Minister Mohamed al-Bashir Engages with American Delegation to Explore Gas Sector…

Economy

Al-Kharafi: Gulf Cable and Electrical Industries Group sees promising opportunities…

Economy

A ship carrying 1,834 passenger cars arrives at the port of Tartus from South Korea

.. _copyright: Copyright ========= .. code-block:: none Copyright (C) 1998-2000 Tobias Ratschiller Copyright (C) 2001-2018 Marc Delisle Olivier Müller Robin Johnson Alexander M. Turek Michal Čihař Garvin Hicking Michael Keck Sebastian Mendel [check credits for more details] This program is free software; you can redistribute it and/or modify it under the terms of the GNU General Public License version 2, as published by the Free Software Foundation. This program is distributed in the hope that it will be useful, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the GNU General Public License for more details. You should have received a copy of the GNU General Public License along with this program. If not, see . Third party licenses ++++++++++++++++++++ phpMyAdmin includes several third-party libraries which come under their respective licenses. jQuery's license, which is where we got the files under js/vendor/jquery/ is (MIT|GPL), a copy of each license is available in this repository (GPL is available as LICENSE, MIT as js/vendor/jquery/MIT-LICENSE.txt). The download kit additionally includes several composer libraries. See their licensing information in the vendor/ directory.