Inflation as measured by the HICP down slightly in March – NSO

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Inflation as measured by the HICP down slightly in March - NSOIn April, the annual rate of inflation as measured by the Harmonised Index of Consumer Prices went down to 0.8 per cent, from 1.0 per cent registered in March 2016, the National Statistics Office said today.

On a monthly basis, the rate of 2.6 per cent was registered in April 2016, up from 1.0 per cent registered in March 2016.

The largest upward impacts on annual inflation were registered in the Restaurants and Hotels Index (0.38 percentage points), the Furniture, Household Equipment and Routine Maintenance of the House Index (0.23 percentage points) and the Food and Non-alcoholic Beverages Index (0.22 percentage points).

These were mainly due to higher prices of restaurant services (including cafeterias and the like), household appliances and an increase in the price of meat and fruit.

The Transport Index (0.22 percentage points), the Clothing and Footwear Index (0.14 percentage points) and the Recreation and Culture Index (0.13 percentage points) registered the largest downward impacts on annual inflation, mainly reflecting lower prices in fuel, garments and package holidays respectively.

The twelve-month moving average rate was 1.2 per cent.

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