A recent report revealed that the annual inflation rate has reached 5.7%, the highest level seen in the past decade. This increase has been primarily driven by rising fuel prices, which have surged by 22% over the last year. Additionally, food prices have also experienced a significant uptick, with a 7% increase compared to the previous year. This spike in inflation is posing challenges for consumers and businesses alike, leading to concerns about the impact on overall economic stability. Experts predict that if these trends continue, there may be further implications on the cost of living and overall economic growth.