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Wednesday, April 17, 2013 - 6.12 GMT
Inflation for March fell significantly


Inflation for March 2013, fell significantly, mainly due to the base effect and reflecting a continuing decline of food prices, stated the Central Bank in its Monetary Policy Review April 2013.

Headline inflation which remained at 9.4 per cent on average for 9 months declined to 7.5 per cent, while core inflation also declined to 6.8 per cent in March from 7.4 per cent in the previous month. Both headline and core inflation have remained at single digit levels for 50 consecutive months.

Inflation is expected to remain at these benign levels supported by prudent demand management policies, the Central Bank added.





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Last modified: April 17, 2013.

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