Throughout 2021, we observe an overall ‘better’ inflation landscape, as made apparent by its inflation rate being higher than the 2020 figure. The most important contributor to such a condition is volatile inflation, for which we have observed a less volatile rate throughout 2021 compared to 2020 circumstances. The core inflation rate also contributes to a more stable yet lower rate. On the broader picture, however, the inflation rate recorded along 2021 is still considerably lower than before the pandemic.

Download (PDF, 404KB)