| Up trend in inflation continues in Feb. |
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| Tuesday,March 18,2008 Posted: 17:01 BJT(0901 GMT) |
| From:BOB Article type:Reproduced |
In February, headline inflation, as measured by the Consumer Price Index (CPI), rose further to 9.0 percent from 8.4 percent in January. The major factor contributing to higher inflation was an increase in transport prices where inflation rose from 9.2 percent to 11.2 percent due to rising costs of fuel. In addition, there were also substantial increases in inflation for furnishing, household equipment and maintenance (3.6 percent to 4.4 percent), health (from 11.1 percent to 14.7 percent), education (from 0.4 percent to 4.2 percent) and restaurants and hotels (from 12.0 percent to 13.0 percent). For Housing, water, electricity, gas and other fuels, inflation declined from 3.9 percent to 3.2 percent. Clothing and footwear and communication continued to record negative inflation. Tradeable goods and services inflation was marginally up at 11.3 percent from 11.1 percent in January. The non-tradeable goods and services inflation also rose, from 3.0 percent to 3.8 percent.
The trimmed mean and the measure of core inflation that excludes administered prices both increased steeply between January and February, from 7.9 percent (revised from the original figure of 8.5 percent) to 8.7 percent and from 7.2 percent to 8.6 percent, respectively.
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