The average annual rate of inflation for the 12 months to February 2024 [i.e. comparing the average CPI for the 12 months from March 2023 – February 2024; with the average for the 12 months from March 2022 – February 2023] stands at 2.7 percent while the month-on-month inflation rate [compared with February 2023] stands at 4.6 percent.