Economic Performance Report

The annual inflation rate in 2019 fell to 6.9% in March from the 7.2% registered in February and the 7.7% in January. The average inflation rate for the first quarter of 2019 was 7.27% which is significantly lower that the 18.97% registered during the same period in 2018. Figure 1 below graphs the CPI and the year-on-year inflation rate from January 2018 to March 2019. As can be seen, the YoY inflation rates have significantly fallen since January 2018, reaching an all-time low for the period in March 2019.