Inflation rises to 1.2% in March – Food and non-alcoholic beverage prices increase by 3.1% compared to March 2020

The inflation rate in March rose to 1.2%, from 1.1% the previous month, according to the latest data from the Institute of Statistics. A year ago, this rate was fixed at 2.1%, while compared to February this year, the increase is fixed at 0.7%. Regarding the influence of groups on the inflation rate, the main contribution was given by the grouping of “non-alcoholic foods and beverages”, with 0.96 percentage points. Prices of non-alcoholic food and beverages turn out to be 3.1% higher than the same period a year ago.

This group is the one with the highest price increase in annual terms, official figures show. Then comes communication, where prices turn out to be 2.2% more expensive, along with “furniture, appliances and home maintenance”, with a 2.2% increase compared to the same period a year ago. Transport is the only group where prices in March this year were lower than in March a year ago, down 1.6%. This data shows that this sector continues to suffer severe crisis caused by pandemic.

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