Peak Inflation Rate

June 2022 recorded the highest inflation rate at 9.1%, indicating the peak of inflationary pressure within the observed period.

Inflation Rate Decrease

From June 2022 to January 2024, there was a significant decrease in the inflation rate from 9.1% to 3.1%, showing a notable easing of inflation over 19 months.

Lowest Inflation Rates

April 2020 and May 2020 saw the lowest inflation rates at 0.3% and 0.1% respectively, marking the minimal inflationary pressures at the beginning of the period.

Year-over-Year Inflation Reduction

Comparing January 2023 and January 2024, the inflation rate fell from 6.4% to 3.1%, demonstrating a year-over-year reduction of 3.3 percentage points.

Steady Decline in High Inflation

Between October 2021 and January 2024, a steady decline from high inflation rates above 6% to lower rates around 3% illustrates a significant easing of inflation over time.

Inflation Stabilization in Recent Months

In the last quarter (Oct 2023 - Jan 2024), inflation rates have stabilized around 3%, with minor fluctuations, indicating a potential stabilization of the economy.

Inflation Rate Variability

The data shows a wide variability in inflation rates, ranging from a low of 0.1% to a high of 9.1% across the period, reflecting diverse economic conditions.

Trend Towards Normalization

The overall trend from high inflation rates in mid-2021 and 2022 towards more moderate rates by early 2024 suggests a shift towards inflation normalization.

Rapid Inflation Increase Preceding Decline

A rapid increase in inflation from 1.4% in December 2020 to 9.1% by June 2022 was followed by a gradual decline, highlighting the volatility in economic conditions.

Comparison of Yearly Inflation Start Points

Inflation rates at the start of 2021 and 2022 were 1.4% and 7.5% respectively, illustrating the significant acceleration in inflation at the beginning of 2022 compared to 2021.