According to the press release published yesterday by SI, the calculation of the March CPI went smoothly, but SI expects challenges to surface in the measurements for April and the months and thereafter, for as long as the current situation persists. On the other hand, CPI weights will not be changed even though various goods and services will temporarily be unavailable. This assumes, of course, that changes in consumption are indeed temporary and will eventually normalise.
The March CPI measurement is slightly below our forecast of a 0.3% month-on-month rise in the index. The main item that surprised us was the air transport component, as airfares fell considerably more than we had anticipated.