Analysts: the rate of price increase is decreasing, but core inflation is increasing

The 2.2 percent inflation rate in April is much lower than the 2.7 percent measured in March and slightly lower than the market expectations – analysts told MTI.

According to the Central Statistical Office’s (KSH) Wednesday morning report, consumer prices were on average 2.2 percent higher in April than a year earlier, inflation slowed down by 0.5 percentage points from 2.7 percent of March. Compared to the previous month, consumer prices rose by 0.4 percent in April.

The annual price increase of fuels slowed considerably to 10.7 percent from the 17.1 percent in March. Food prices increased by 1.9 percent, services by 1.7 percent. (MTI)