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Headline inflation notably decelerated to 5.0% y/y in Feb ’24 from 5.4% in Jan ’24 and 7.2% in Feb ’23. Monthly CPI remained flat. Decelerations were mostly seen in the heavier-weighing baskets, while lighter baskets saw slight accelerations. Infrequent price adjustments, such as rent, education and services only recorded annually or semi-annually, saw unexpected changes as several data providers experienced delays in implementing price adjustments.