The same applies to CEOs of various small and medium-scale enterprises. All these calculations wouldn’t be necessary if the prices of goods and services were relatively stable, not fluctuating like water lettuce on the sea. The calculations used in the last 24 hours for purchasing goods are no longer reliable because prices have almost immediately increased. For any economy to achieve not just growth, but sustainable development, inflation must be well monitored and controlled. According to the December 2023 report from the National Bureau of Statistics, the inflation rate was 28.92 per cent, with the food sector leading at a historical level of 32.8 per cent.

Source: Punch February 13, 2024 12:37 UTC