CPI inflation accelerates to 4.5% y/y in April, exceeding expectations
2011-05-16 13:08:05
The Consumer Price Index (CPI) rose by 0.5% in monthly terms in April, while in annual terms, it was 4.5%, the Central Statistical Office (GUS) has said in a communiqué. In March, the annual CPI inflation was 4.3% y/y vs. the central bank's target of 2.5% +/- 1 pp.
In April, the highest rise was posted in "transport" section - by 7.6% y/y, including " fuels for personal transport equipment" - by 14.2%, and "food and non- alcoholic beverages" - by 6.4%, including "food" - by 7.7% y/y.
Twelve economists surveyed by the ISB newswires had expected the figure at 4.4% y/y in April, with forecasts in the range of 4.3-4.6%.
