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Consumer Price Index - 1st Quarter 2023
1. The Consumer Price Index, which stood at 127.1 in December 2022, registered a net increase of 4.0 points (or +3.2%) to reach 131.1 in March 2023.
2. The main contributors for the net increase in CPI from December 2022 to March 2023 were:
3. The headline inflation rate for the twelve months ending March 2023 worked out to 11.1%, compared to 6.0% for the twelve months ending March 2022.
4. The headline inflation rate excluding “Alcoholic beverages and tobacco" for the twelve months ending March 2023 worked out to 11.4%, compared to 5.7% for the twelve months ending March 2022.
Ministry of Finance, Economic Planning and Development
14 April 2023