CPI eases to 6.44%, still elevated
Food and Beverages continues to flash red, cereal prices accelerate
February 2023 retail inflation eased to 6.44%, from 6.52% in January 2023 on Y-o-Y basis – staying above the MPC mandate for second consecutive month. In November and December 2022 retail inflation came within MPC’s upper tolerance band of 6%, after breaching that for three straight quarters.
March 14, 2023