The overall rate of inflation, as measured by the National Consumer Price Index (NCPI) on Year-on-Year basis has decreased to -2.0% in December 2024, from -1.7% in November 2024, according to the latest data released by the Department of Census and Statistics.The Year-on-Year inflation of the food group decreased to -1.0% in December 2024 from 0.0% in November 2024 and the Year-on-Year inflation of the non-food group increased to -2.9% in December 2024 from -3.1% in November 2024.
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