Inflation Eases Slightly, Projected To Increase

source: Mmegi
Brian Benza
Staff Writer

Consumer inflation for the month of March eased slightly from 6.1 percent to 6 percent, the Central Statistics Office reported last week.

In a statement, the CSO said that four group indices recorded changes of at least 1.0 percent between February and March – Clothing & Footwear (1.4 percent), Furnishing, Household Equipment and Maintenance (1.4 percent), Restaurants & Hotels (1.1percent) and Housing, Water, Electricity, Gas & Other Fuels (1.0 percent).

However, inflation will be expected to register a marked increase next month mainly on the back of the 2 percent hike in Value Added Tax (VAT) which came [continue reading]

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