Markets close higher as inflation eases for third straight month

Lower food and fuel prices bring relief to households and investors. A spokesperson said the team would publish progress figures every quarter so that the public can judge results for themselves.

Traders said sentiment improved as fresh data arrived, although some warned that global uncertainty could still shift the outlook quickly.

Key details

Training and awareness programmes will run alongside the main effort, officials said, to make sure the changes are understood and used widely.

Officials said the decision follows months of consultation with residents, experts and industry groups, and will be reviewed again after the first six months.

“We have been waiting for this for a long time, and it finally feels real.”

What happens next

People familiar with the planning said several smaller measures are expected to follow, including pilot programmes in a handful of districts before any wider rollout.

Economists add that the effect on household budgets will depend on how quickly the changes filter through to everyday prices and services.

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