Mar 4, 2019

CPI inflation stood at 2.3% in February 2019

Quick Update

  • Annual inflation stood at 2.3% YoY in February 2019, almost unchanged from the previous month. Over the same period core inflation stood at 1.3%, down from 1.7% registered in January 2019.
  • Higher prices on alcoholic beverages and tobacco (+16.1% YoY) contributed most to the annual inflation, reflecting the impact of higher excise taxes on tobacco. Prices also increased on healthcare (+3.4% YoY), food and non-alcoholic beverages (+2.9% YoY) and transportation (+2.0% YoY). At the same time, prices fell sharply on clothing and footwear (-11.1% YoY). More moderate price decrease was observed in communication (-2.4% YoY) and entertainment, recreation and culture (-0.9% YoY) subgroups.
  • On seasonally adjusted annualized terms estimated inflation stood at around 2.5% in February 2019.