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Reading: Central Bank: Inflation rate in Syria declines to 36.8% within a year
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SANA > Syria News > Economy > Central Bank: Inflation rate in Syria declines to 36.8% within a year

Central Bank: Inflation rate in Syria declines to 36.8% within a year

4 months ago

Damascus, SANA-The general inflation rate calculated in Syria for the period from March 2024 to February 2025 amounted to 36.8%, which is significantly lower than the 120.6% rate recorded during the same period in the previous year.

In its report on inflation indicators in Syria for February 2025, published on its Telegram channel, the Central Bank of Syria (CBS) explained that the ongoing rise in prices is attributed to inflationary pressures caused by increased costs. This has led to a decline in domestic demand for basic consumer goods due to reduced real income, resulting in a significant drop in purchasing power and decreased sales activity.

The report also highlighted that the annual inflation rate for February alone reached 15.2%, considerably lower than the 109.5% recorded for the same period in 2024.

Meanwhile, the monthly inflation rate for February 2025 stood at -8.0%, which is higher than the -9.3% recorded in January 2025. This improvement was influenced by declining prices following the liberation, driven by a substantial reduction in inflationary pressures, a marked increase in the supply of goods and commodities, and improvements in the exchange rate.

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The Syrian Arab News Agency (SANA) is the official national agency. It was established on June 24, 1965, and is affiliated with the Ministry of Information. Its headquarters is located in the city of Damascus.

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