*Inflation rate drops to 13.34% in March —NBS*

: *Inflation rate drops to 13.34% in March —NBS*

The National Bureau of Statistics on Thursday said the country’s Consumer Price Index which measures inflation rose by 13.34% (year-on-year) in March 2018. The bureau in the report said the 13.34% rate for March is 0.99 percentage points less than the 14.33% recorded in February. The report said this is the fourteenth consecutive months since January 2017 that the country would be experiencing the slowdown in inflation.

It reads in part, “The Consumer Price Index which measures inflation increased by 13.34% (year-on-year) in March 2018. “This fourteenth consecutive disinflation since January 2017 is 0.99% points less than the rate recorded in February 2018 (14.33%). “The Composite Food Index rose by 16.08% (year on year) in March 2018, down from the rate recorded in February (17.59%).”