Consumers paid 4.2 per cent more in February 2023 than a year ago for the basket of goods and services included in the Consumer Price Index [CPI].
The Ministry of Economy and Labour released the February 2023 CPI from the Department of Statistics.
“In summary, during February 2023, consumers paid 4.2 per cent more than they did a year ago for the basket of goods and services included in the CPI. This level of inflation declined from the January 2023 annual inflation rate of 4.5 per cent.”