INSUBCONTINENT EXCLUSIVE:
recorded as 21.5% in March 2022, according to the Department of Census and Statistics.This was revealed in the National Consumer Price Index
issued for the month of March 2022.The headline inflation calculated for the month of February 2022 was 17.5%.With respect to March 2021,
the reported inflation for the month of March 2022 was mainly due to the higher price levels prevailed in both food and non-food groups, the
department said further.Accordingly, the Y-o-Y inflation of the food group increased to 29.5% in March 2022 from 24.7% in February 2022 and
the Y-o-Y inflation of the non-food group increased to 14.5% in March 2022 from 11.0% in February 2022.Comparing the Month-on-Month (M-o-M)
changes, NCPI in March 2022 has increased to 172.7 from 167.8 reported in February 2022.This shows an increase of 4.9 index points or 2.9
percentage as compared to February 2022
This increase represents increase in expenditure value of Rs
items by 1.70%, respectively.Price increases of food items were reported for rice, coconut oil, Mysore dhal, milk powder, eggs, fresh fish,
bread, sugar, dried fish, chicken, fresh fruits, chilli powder, wheat flour, dried chillies, coconuts, curry powder, and buns
However, decreases in index values were reported for vegetables, big onions, potatoes, red onions, green chillies and limes.The increases in
index values of non-food groups in March 2022 compared to the previous month was mainly due to the price increases in groups of items
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