Inflation 29. Inflation has continued to moderate for seven consecutive months, as it declined from 18.17 percent in March 2021 to 15.9 percent in October 2021 supported by improved output of staple food items. Inflation however still remains above our benchmark, which means efforts must continue to be made to slow down the pace of the rise in prices. External Reserves 30.
Supported by our demand management policy, in addition to support from the successful issuance of the $ Eurobond and the IMF SDR, our external reserves today stands at over $ which is enough to support 9 months of imports.