Inflation rises 1.4% YoY in March

Underlying inflation stood at 1%.

Inflation rose 1.4% year-on-year (YoY) in March, according to the Census & Statistics Department.

Underlying inflation was 1%, lower than the average rate of increase in January and February, after netting out the effects of the government’s one-off relief measures.

In the same month, year-on-year (YoY) price increases were recorded in electricity, gas, and water; alcoholic drinks and tobacco; transport; housing; meals out and takeaway food; miscellaneous goods; and miscellaneous services.

Meanwhile, YoY decreases were logged in clothing and footwear, basic food, and durable goods.
 
“Overall inflation should remain modest in the near term, adding that external price pressures should be broadly in check, though escalating trade conflicts continue to warrant attention,” the government said.