Official CPI suggests moderating inflation, but our in-house index clocks the largest increase in 13 months. Affordability will worsen with the outbreak of war with Iran.

AIER's own index posted its largest gain since June, but gains were largely cancelled out by moderation in other categories. Inflation pressures seem to be shifting rather than surging, with gradual disinflation still the dominant trend.

Our proprietary index barely budged at the end of 2025, but the underlying mix stayed active. Prices are still uneven: rising food categories offset declines in fuel.