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Annual inflation at 0.2% in March

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(Globalpost/GlobalPost)

Compared to March 2012, consumer prices increased 0.2 percent in March 2013, according to the Central Statistical Bureau's data.

The average price level of goods increased 0.3 percent, of services - remained unchanged. The annual average rate of change was 1.5 percent in March 2013.

The greatest upward pressures on consumer prices in March 2013, compared to March 2012, were put by an increase in food commodity prices, whereas a drop in transport goods and services and communication services prices had the most significant downward impact.

In the food commodity group, increases were recorded in the prices of vegetables (+5.6 percent), fresh meat (+3.2 percent), eggs (+15.0 percent), bread and cereal products (+1.6 percent), whereas the most notable reduction was observed in the prices of milk and dairy products (-1.1 percent), sugar (-3.3 percent), and fruit (-1.0 percent).

Within the transport group, the prices of fuel dropped on average 2.6 percent.

The prices of telecommunication devices fell 9.7 percent, the prices of telecommunication services reduced 6.7 percent.

In the first three months of 2013, consumer prices grew 0.2 percent (March 2013 compared to December 2012).

In March, compared to February, the average consumer price level increased 0.5 percent. The average price level of goods increased 0.7 percent, of services - did not change.

The greatest upward pressures on the price changes in March were put by growth in clothing, footwear and food prices, while the strongest downward pressures were applied by goods and services related to transport.

A price increase in the clothing and footwear group was due to the end of seasonal discounts and the new season's goods entering the market. The prices of clothing increased 6.6 percent and the prices of footwear rose 9.6 percent.

In the food commodity group, growth was observed in the prices of vegetables (+7.3 percent), sausages and smoked meat (+0.7 percent), as well as milk and dairy products (+0.4 percent).Whereas fruit (-4.5 percent), bread and cereal products (-0.5 percent), and fresh meat (-0.5 percent) witnessed a price reduction.

Within the transport group, the prices of fuel dropped on average 1.3 percent.

The highest increase among other consumption groups was recorded in the prices of goods for personal care (+3.2 percent) and spirits (+1.4 percent). Whereas the prices of beer diminished (-3.2 percent).

http://www.globalpost.com/dispatch/news/asianet/130410/annual-inflation-at-02-march