The main reason for the nudge up was an increase in food and foodstuffs, up 1.18% mainly attributed to rice traders buying stock to complete signed contracts. Petrol prices also increased 3.83% compared with previous months, contributing to a 0.16% increase in the overall oil price. In addition, the surge in the price of steel and educational and medical services also affected April’s CPI. Some economics have expressed worries that there may be more pressure on inflation in the remainder of the year.
