Inflation in Syria had significantly decreased to 46.7%
A report issued by the Directorate of Economic Research, General Statistics and Planning at the Central Bank of Syria for January 2025 revealed that the general inflation rate in Syria reached 46.7% during the period from February 2024 to January 2025.
This figure is a significant decrease compared to the same period last year, when inflation recorded 119.7%.
The annual inflation rate in January 2025 reached about 6.4%, compared to 118.9% in January 2024.
Monthly inflation also decreased in January 2025 to 8.7%, compared to 13.8% in December 2024.
Although inflationary pressures continued due to rising costs, they were less severe compared to previous periods.
The improvement in the exchange rate as a result of economic liberalization policies contributed to curbing inflation.
The increase in the supply of goods and materials in local markets contributed to mitigating price increases.
The decline in inflation rates is mainly due to the improvement in money supply and the availability of goods in the market, which alleviated inflationary pressures compared to previous periods.
However, this doesn’t necessarily mean price stability, as some sectors still face challenges in rising costs, according to experts.
Meanwhile, the continued stability of the exchange rate and the improvement in the availability of goods may lead to a further decline in inflation rates in the coming months, which may contribute to improving markets and citizens’ purchasing power.
