Inflation Holds Above 40% for Second Week as Food and Gas Prices Soar
- Annual inflation stayed above 40% for the 2nd straight week, mainly driven by a massive gas price increase
- Gas prices were over 1,100% higher than a year ago
- Wheat flour, rice, chili powder, cigarettes saw price hikes between 62-94%
- Onion and tomato prices dropped over 18%
- Week-on-week inflation unchanged after jumping 10% the prior week due to gas price hikes