Falls to 1.4% in March, lowest in over four years on cheaper fuel
Headline inflation slowed to 1.4% YoY in March (Feb: 1.5%), the lowest since February 2021, coming in below both market expectations and house forecast (1.6%)
- The decline was broad-based, led by subdued price pressures across most categories and a drop in transport costs, even as prices for miscellaneous goods and education rose modestly. Food inflation, while still rising, did so at a slower pace—up just 0.1% MoM (Feb: 0.2%).
- Core inflation held steady at 1.9%, underpinned by persistent core transport costs.
- On a MoM basis, headline CPI was flat (Feb: 0.4%), while core CPI eased to 0.2% (Feb: 0.4%).
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