The estimated annual CPI inflation in March 2023 is 3.3%, according to the leading indicator prepared by the INE, standing below the estimated 3.8%. This is the lowest rate recorded since August 2021.
This indicator provides a preview of the CPI which, if confirmed, would imply a decrease of more than two and a half points in its annual rate, since in the month of February this variation was 6.0%.
This evolution is mainly due to the fact that the prices of electricity and fuel increased in March 2022 and decreased this month.
The monthly CPI has stood at 0.4% compared to the estimated 0.9% and 0.65%.
The estimated annual variation rate of the Underlying inflation (general index without unprocessed food or energy products) decreases one tenth, up to 7.5%.
In the month of March the estimated annual variation rate of the Harmonized CPI stands at 3.1%, almost three points lower than that registered the previous month. For its part, the estimated monthly variation of the IPCA is 1.1%
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
