Error message

The file could not be created.

In February 2020, headline inflation was 2.2 percent the same as in January 2019, remaining below the lower bound of the Bank’s medium-term objective range of 3 – 6 percent, and lower than the 3.3 percent in February 2019. The constant inflation between January and February 2020 reflects stable prices for the “Housing, Water, Electricity, Gas & Other Fuels” and “Health” categories of goods and services, as well as offsetting movements in the annual price changes for the rest of the commodity groups.  Inflation fell for: Transport (from 1 to 0.8 percent); Miscellaneous Goods and Services (from 5.2 to 5 percent); Education (from 4.8 to 4.7 percent); and Communication (from 0.4 to 0.3 percent). The downward pressure on inflation was partly offset by inflation increasing with respect to: Food and Non-alcoholic Beverages’ (from 3.2 to 3.5 percent); Furnishing, Household Equipment and Routine Maintenance (from 2.7 to 3 percent); Alcoholic Beverages and Tobacco (from 4.8 to 5 percent); Restaurants and Hotels (from 3.6 to 3.8 percent); Clothing and Footwear (from 1.5 to 1.6 percent); and Recreation and Culture (from -0.3 to -0.2 percent).

The 16 percent trimmed mean inflation and inflation excluding administered prices remained unchanged at 1.9 percent and 2.7 percent, respectively, in the same period.