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Breakup in Supply Chain Portends Major Risk for Price Stability

Headline inflation ticked up by 7bps to 12.13% year-over-year (YoY) in February Core price index grew at a faster pace by just 9bps to 9.43% YoY Food price index grew by 6bps to 14.90% YoY Inflation data released by the...

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  • Breakup in Supply Chain Portends Major Risk for Price Stability
  • Headline inflation ticked up by 7bps to 12.13% year-over-year (YoY) in February
  • Core price index grew at a faster pace by just 9bps to 9.43% YoY
  • Food price index grew by 6bps to 14.90% YoY

Inflation data released by the National Bureau of Statistics this morning showed consumer prices rose by 0.79% MoM in February, coming below 0.82% MoM in January and our forecast of 0.85% MoM change.

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