Despite recent declines in the prices of some raw materials and production inputs, inflation has continued to place pressure on households and businesses, as retail prices remain high across major sectors of the economy.
Market analysts note that although the cost of selected commodities has dropped, consumers are yet to feel any meaningful relief in the prices of food, transportation, and essential goods.
Businesses explain that several other factors continue to drive high prices, including transportation expenses, unstable exchange rates, rising energy costs, and uncertainties in the supply chain.
Many manufacturers and retailers say they are reluctant to reduce prices because of previous losses, market volatility, and the fear that operational costs could rise again.
Small and medium-scale enterprises report that the high cost of doing business is affecting production levels and profitability, while consumers say stagnant wages and reduced purchasing power are forcing households to cut back on spending and prioritize basic needs.
Economic experts warn that the disconnect between falling input costs and stable or rising consumer prices may prolong inflationary pressure if not addressed.
They are calling for stronger price monitoring, improved market competition, and economic reforms that encourage fair pricing and support recovery efforts.
Inflation remains a key concern for policymakers and citizens as the search for sustainable price stability continues.