The annual rate of inflation as measured by the Harmonised Index of Consumer Prices was 5.6%, down from 6.2% in June.

However, the data highlights that the largest upward impact on annual inflation in July was once again measured in the Food and non-alcoholic beverages Index (+1.69 percentage points).

The highest annual inflation rates in July were recorded in Food and non-alcoholic beverages (10.0%), and Housing, water, electricity, gas and other fuels (7.6%).

On the other hand, the lowest annual inflation rates were registered in Communication (-1.4%) and Clothing and footwear (-0.7%).

The 12-month moving average rate for July stood at 6.8.

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