Posted: Mon May 11, 2009 10:47 pm Post subject: April inflation: 0.14%
Inflation in April, as measured by the Consumer Price Index (CPI) was registered at 0.14%, according to the Central Bank. The Central Bank announced that the accumulated inflation rate during the first few months of the year was 0.89%, considerably lower than the 4.72% registered during the same period in 2008. The Central Bank also announced that the inflation rate between April 2008 and April 2009 was 0.69%, which reflects the deceleration of prices in the local market. Reduction in inflation during the first trimester of the year is partly due to the decrease in the prices of alcohol and tobacco, fresh meats, vegetables and edible oils.
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