Inflation eased during March, with consumer prices increasing 0.39%, down from last month's 1.11% price hikes.

Annual inflation through last month stands at 11.04%, still far above the Central Bank's stated goal of 8% – plus or minus a point – for the year, but down from 11.4% seen through February.

Food continues to pressure the consumer price index most, with the cost of food and non-alcoholic beverages (1.12%) and food and drink outside the home (1.03%) rising the most.

Meanwhile, the cost of clothing (-1.14%), transportation (-0.47%) and entertainment (-0.44%) registered price decreases.