The annual rate of inflation as measured by the Retail Price Index (RPI) was 5.4% in June, down from 5.7% in the previous month.

The data released by the National Statistics Office today, noted that the largest upward impact on annual inflation was measured in the Food Index (+2.17 percentage points) largely due to higher prices of dairy products, the NSO said.

The second and third largest impacts were measured in the Housing Index (+0.74 percentage points) and the Other Goods and Services Index (+0.56 percentage points), mainly on account of higher prices of house maintenance services and insurances, respectively.

The NSO noted that a downward impact on annual inflation was registered in the Clothing and Footwear Index (-0.09 percentage points), mainly due to lower prices of garments.

The NSO said that the 12-month moving average rate for June stood at 6.7%.

File photo

Permalink: Food Index has largest upward impact on annual inflation