Monthly Report - April '03

Author: Monetary Policy Departament
Printed on: 15.05.2003
Production date: 15.05.2003
Material category : Periodic Publications / Monetary Policy Report
The annual inflation rate for March 2003 was 1.9 percent. In the first quarter of 2003 the annual inflation rate has had a slightly upward tendency nearing the bottom limit of the objective that is 2 percent. The increase in the price of oil has raised the prices for the transportation sector, which in turn has influenced the increase of the prices in general for the month of March.