Macroeconomic Analysis Series: Monthly Inflation, March 2023

Year-on-year (YoY) inflation in February 2023 was reported at 5.47%, an increase of 0.19% compared to annual inflation in January 2023. Inflation was mainly due to the https://www.lpem.org/wp-content/uploads/2023/02/2023_04_11-LPEM-FEB-UI-0888_Small-rotated-1.jpgistered price component which experienced YoY inflation of 12.24%. YoY inflation occurred in all sectors except the information, communication and financial services sector (-0.22%), which has consistently experienced deflation over the last 15 months. The highest YoY price increases occurred in the energy sector (15.02%) and transportation (13.59%). YoY inflation for both sectors has penetrated double digits since September last year.

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