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RIO DE JANEIRO, BRAZIL – Prices in Mexico continue to rise. In March, inflation reached its highest level in more than two years, reaching 4.67%, according to data from the National Institute of Statistics and Geography (Inegi) published on Thursday.
The rise is largely due to the continued increase in the price of oil in international markets and the price of food within the country. Experts expect inflation to continue rising, and the Bank of Mexico, in charge of maintaining price stability, walks a fine line between contributing to economic recovery and containing inflation.
The consumer price index rose almost 1% in March compared to the previous month. (Photo internet reproduction)
Food inflation has risen over the last year, although the overall inflation is low. According to the National Consumer Price Index, overall prices rose by 3.7% between January 2020 and January 2021, but food inflation rose by 5.9%.
While this is a matter of concern to the public, items like turmeric and green gram, which made the news after rising to dizzying heights tend to steal the spotlight. While Sri Lankans appreciate a good plate of rice and curry, the cost of this essential meal is something that must be discussed.
‘Bath Curry’, or commonly known as rice and curry, is something that all Sri Lankans can immediately identify with. The ‘Bath Curry Indicator’ (BCI) by the Advocata Institute is a Sri Lankan spin on the infamous ‘Big Mac Index’ by The Economist. It simply tracks prices of a limited basket of goods that are consumed in Sri Lanka, and provides an indication of how much prices have changed over time.
Inflation Increases by 9.1% in March 2021
Pakistan’s consumer inflation (CPI) rate jumped to 9.1 percent on a year-on-year basis in March 2021 compared to an increase of 8.7 percent in the previous month and 10.2 percent in March 2020, says the Pakistan Bureau of Statistics (PBS).
According to the monthly review on price indices by the PBS on a month-on-month basis, the CPI increased by 0.4 percent in March 2021 compared to an increase of 1.8 percent in the previous month and an increase of 0.02 percent in March 2020.
The PBS recorded 9.1% inflation rate three days after Prime Minister Imran Khan sacked Finance Minister Dr Abdul Hafeez Shaikh on charges of not controlling inflation.
Inflation increases to 4 2% in February dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.