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February inflation to rise to 3.3%-3.5%
February inflation is expected to rise to 3.3% to 3.5% in February from 2.7% in January. Rising crude prices abroad and the depreciating exchange rate pushed up domestic fuel pump prices twice during the month. The sudden jump in year-on-year consumer inflation is attributed to sharp price increases in services, utilities, as well as food. MBC expects food, beverages and tobacco to post a 2.5% inflation from 1.6%; utilities, to 5.4% from 2.6%; and services, to 7.0% from 6.3%. On the other hand, inflation for clothing, housing and repairs, as well as miscellaneous items are expected to remain stable.
 
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