Consumer prices rose 0.64% on a monthly basis in February, following January’s 0.41% increase and logging the highest reading in a year. February’s result was largely driven by a quicker growth in prices for housing and utilities.
Inflation came in at January’s 1.6% in February, thus staying below the lower bound of the Central Bank’s target range of 2.0%–4.0%. Meanwhile, annual average inflation dropped to 2.2% in February (January: 2.4%). Lastly, core inflation inched down to 1.7% in February from 1.8% in January.