Headline inflation decreased slightly from 4.1 percent in January 2026 to 4 percent in February 2026, remaining within the medium-term objective range of 3 – 6 percent, but was higher than the 2.7 percent recorded in February 2025. The marginal decrease in inflation between January and February 2026 was mainly due to the deceleration in the rate of price change for a few categories, notably Food & Non-Alcoholic Beverages and Health. Meanwhile, the 16 percent trimmed mean inflation remained constant at 4.6 percent, while inflation excluding administered prices decreased from 5.1 percent to 5 percent, between January and February 2026.
Inflation for domestic tradeables decreased from 6.4 percent to 5.9 percent between January and February 2026, mainly due to deceleration in price increases for food items. However, inflation for imported tradeables increased slightly from 6.3 percent to 6.4 percent over the same period, mainly due to an acceleration in the increase of vehicle prices. Overall, all tradeables inflation decreased from 6.4 percent to 6.3 percent between January and February 2026. Meanwhile, inflation for non-tradeables was unchanged at 0.6 percent in the same period.