May 11, 2016
In April, consumer prices increased 1.40% over the previous month, which was down from the 1.65% increase tallied in March. April’s rise reflected higher prices for several components of the price index, particularly for food and non-alcoholic beverages. However, the monthly reading eased as several other categories, especially transport, recorded slower price increases.
Inflation eased from March’s over-six-year high of 19.2% to 18.7% in April. Nevertheless, inflation remains well above the Central Bank’s target of 8.0%. Moreover, annual average inflation in April ticked up from 17.8% in March to 17.9%.