Inflation fell to 1.8% in December, aided by a temporary tax break introduced during the pandemic.

Inflation dropped to 1.8% in December, partly due to a temporary Goods and Services Tax (GST) break. This tax relief measure was introduced to boost economic activity during the pandemic and provided financial relief to consumers and businesses, leading to slower price increases. However, the long-term effects on inflation and the economy are still uncertain.

2 months ago
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