The government’s sliding-scale system has significantly limited the impact of energy price fluctuations on inflation, central bank says in its assessment of March inflation.
- Elevated course of food inflation observed in the first two months of the year decelerated in March
- Adjusted for seasonal effects, monthly services inflation remained elevated due to transport prices that rose on the back of geopolitical developments
- Domestic producer prices increased by 2.3% in March, maintaining a high course; producer prices appear to be more affected by global developments
- A decoupling might be observed between producer prices and consumer prices in upcoming period
- Underlying consumer ...