Report

Fuel prices fall by 5.3% m/m in March

- Oil price shock in early March leads to a decline of all major fuel prices
- Fuel prices to have a downward impact of 0.2pps on headline inflation
- Still unclear what impact food prices are going to have, since our proxy measures only first half of March, when there was a lot of overstocking
- March CPI print may contain a lot of distortion, given how a number of businesses had to shut down during quarantine
Provider
CEEMarketWatch
CEEMarketWatch

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