Year-on-year, prices increased at a slower pace for energy (6.57 percent vs 7.36 percent in January); agricultural goods (4.80 percent vs 7.41 percent), led by fruits & vegetables (10.68 percent vs 13.23 percent) and livestock products (0.77 percent vs 1.95 percent); and other services including restaurants, telephone services, medical services and package tourist services (4.02 percent vs 4.28 percent). In contrast, inflation edged higher for housing (2.62 percent vs 2.59 percent); food, beverages & tobacco (4.34 percent vs 4.30 percent) and education (4.84 percent vs 4.68 percent).
On a monthly basis, consumer prices were flat, after increasing 0.1 percent in January and in line with market expectations. Prices fell for agricultural goods (-4.28 percent vs 0.35 percent), mostly fruits & vegetables (-9.13 percent vs 0.76 percent). Meanwhile, cost advanced further for housing (0.28 percent vs 0.24 percent); food, beverages & tobacco (0.54 percent vs 0.48 percent) and education (0.60 percent vs 0.44 percent).
The core index, which strips out some volatile food and energy prices rose by 0.43 percent month-over-month (vs 0.20 percent in January) and increased by 3.5 percent on a yearly basis (vs 3.60 percent in January).