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

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