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Producer Price Index, First Quarter 2023

The year-on-year (YoY) inflation rate (as measured by PPI) for January, February, and March as compared to the same months of the previous year is recorded at 0.85%, 1.57%, and 0.62% respectively. On average this is an increase of 1.02% from the first quarter of the previous year (i.e. 2022).

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The headline inflation in March increased to 6.07 percent. This increase was mainly driven by increase in both the Food and Non-food indices.