End of Quarter 2 - 30 June 2025 Over the past quarter, economic activity has remained subdued, reflected in lower building cost inflation and a flat housing market. At the same time, the cost of essentials—including food, accommodation, and energy—rose by 4.2%. This presents a mixed local picture, which is further complicated by ongoing global uncertainty and rising cost pressures abroad.

The first quarter of 2025 has now closed with a mixture of stable to slow economic news against the backdrop of global uncertainty.

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