Cost of living to continue upward trajectory: Simonis Storm

Martin Endjala THE cost of living is estimated to continue rising, despite indications that headline inflation rates are steading increasing with small margins as monthly inflation rates for July was recorded at 0.3 percent, up from 0.1 percent in June.This is the 23rd month in a row that monthly inflation has recorded a small increase, rising at an average of 0.5 percent per month since September 2021.According to Simonis Storm Securities Economist, Theo Klein, an overview of the country’s current inflation rate, normalisation of global raw material prices, and decreasing commodity prices are resulting in lower production costs, as evidenced…