The annual rate of inflation in February 2023 compared to February 2022 is 15.5%, after a 22% increase in food prices, according to data sent on Monday by the National Institute of Statistics.
In January, inflation was 15.1%.
Sugar, butter, gas, margarine, potatoes, eggs, cheese and milk rose in price the most last month, INS also shows
Annual inflation is expected to fall to single digits as early as the third quarter of 2023 – almost three quarters ahead of the November 2022 forecast – and then to 7.0 percent in December 2023, well below the 11.2 percent expected earlier, because in the second half of next year it will noticeably slow down its decline, remaining slightly above the target range at the end of the forecast horizon, respectively at 4.2 percent, similar to the previous forecast, according to the minutes of the CA BNR discussions.
Source: Hot News
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