BUSINESS BRIEFS

Inflation at 10-year low

INFLATION in April was up only 3.6 per cent on the same month a year ago, the lowest year-on-year growth in the last decade. Prices were up by 0.4 per cent from March, however, when they showed zero growth on a monthly basis.

Analysts said a government decision to delay rises in regulated prices this year was behind the figure, with only higher prices for oil preventing the increase from being even lower.

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Drop in car production lower than expected

Carmakers manufactured 11 percent less cars than in 2019.

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