The general inflation rate in Syria recorded a significant decrease over the year, following an increase in supply and an improvement in the value of the Syrian pound.

According to a report issued by the Economic Research and Planning Directorate at the Central Bank of Syria (CBS) today, Wednesday, March 26, the overall inflation rate in Syria recorded a decrease during the period from March 2024 to February 2025, reaching 36.8%, compared to 120.6% during the same period last year.

The report indicated that the annual inflation rate for February 2025 was only 15.2% compared to 109.5% in February 2024.

On a monthly basis, the inflation rate in February 2025 was about 8.0%, down from 9.3% in January 2025.

Regarding consumer basket details, the food price index showed an annual decline of 21.7% in February 2025, a notable improvement compared to last year’s levels.

Additionally, the prices of milk, cheese, and eggs decreased by 3.5%, while the prices of oils and fats fell by 14.5%.

Meat and vegetable prices also experienced a decline in February 2025, with meat prices dropping by 17.6% and vegetable prices decreasing by 18.0%.

The report explained this decline as a result of the increase in the value of the pound and a clear increase in the supply of goods following the fall of the Assad regime, which contributed to stabilizing prices and easing pressure on the local market.

The Central Bank of Syria added that the decrease in the inflation rate is attributed to the reduction of inflationary pressures related to rising costs, even though prices remain high compared to the actual income of citizens.

These indicators reflect an improvement in market supply; however, citizens’ purchasing power remains at its lowest levels due to a decrease in real income, which is reflected in stagnant buying and selling activities in the markets.

The Syrian pound has improved significantly in the past three months, with the exchange rate before the regime’s fall reaching 15,000 Syrian pounds against the dollar, while the current exchange rate is 10,000 against the dollar, according to the S-P Today website.

Despite the improvement in the value of the Syrian pound, citizens’ purchasing power has not improved. Although the interim government in Damascus announced a 400% increase in salaries, employees have not yet received any increase.