Macro-Economic Update | Inflation | February 2018

Headline inflation rate continued on a downward track in February 2018, in line with expectations. According to the Consumer Price Index and Inflation report, which was published by the National Bureau of Statistics, inflation rate dropped by 0.80% to 14.33% YoY (vs. 15.13% in January 2018), thus representing the thirteenth consecutive decline since January 2017.