Annual inflation rate Is 16% in February 2023
The monthly inflation rate in February 2023, measured by the Consumer Price Index, was 0.8% compared to the previous month, the National Statistical Institute reported . The annual inflation rate last month was 16%.
The inflation rate since the beginning of the year (February 2023 compared to December 2022) was 2.1%, and the annual average inflation rate for the period March 2022 - February 2023 compared to the period March 2021 - February 2022 was 16.4%.
In January 2023 the monthly inflation was 1.1% compared to the previous month, and annual inflation was 16.4% year-on-year. The average annual inflation between February 2022 and January 2023 was 15.9% compared to February 2021 - January 2022.
Monthly inflation in December 2022 was 0.9%, and annual inflation was 16.9%. The average annual inflation between January and December 2022 was 15.3% compared to the same period in 2021.