09.Mar .2020 18:33

TBC Capital: annual inflation stood at 6.4% in February

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According to TBC Capital, annual inflation stood at 6.4% in February, similar to the previous month.

Among the major sub-categories, prices of food and non-alcoholic beverages (+12.7% YoY) and hotels and restaurants (+8.7% YoY) posted highest growth.

On the other hand, prices of clothing (-1.7% YoY) and communication services (-1.3% YoY) retreated over the same period.

On a monthly basis, CPI inflation went up by 0.3%, with the highest contribution from food and non-alcoholic beverages (+1.3% MoM). At the same time, prices of transportation declined (-0.7% MoM), likely reflecting the slump in oil prices globally.

Adjusted for the seasonal effects, annualized inflation stood below 3.0% in February, reconfirming the tendency of slowing price growth over the last couple of months.