The Consumer Price Index, which stood at 106.9 in December 2015, registered a net increase of 4.2 points (or +4.0%) to reach 111.1 in March 2016.
The main reasons for the net increase in the CPI from December 2015 to March 2016 were:
- higher prices of vegetables and some other food products;
- higher prices of washing materials and softeners;
- higher tuition fees;
- higher university fees;
- higher prices of goods for personal care;
- higher prices of some other goods and services:
partly offset by
- lower electricity rates;
- lower prices of gasoline, diesel and air tickets.
The headline inflation rate for the twelve months ending March 2016 works out to 0.9%, compared to 2.4% for the twelve months ending March 2015.
The headline inflation rate excluding “Alcoholic beverages and tobacco” for the twelve months ending March 2016 works out to 0.7% compared to 2.2% for the twelve months ending March 2015.
Ministry of Finance and Economic Development
15 April 2016