Annual inflation rate declined to 2.8% in March 2018, from 3.2% in December 2017. Compared to March 2017, inflation rate was 0.7% lower in March 2018. The annual inflation rate fell for several commodity groups Food & Non-alcoholic Beverages, Alcoholic Beverages & Tobacco, Housing, Water, Electricity, Gas & Other Fuels, Transport and Resturants & Hotels; while increasing for Furnishing, Household Equipment & Routine Maintenance and Recreation & Culture.