In October, the annual rate of inflation as measured by the Harmonised Index of Consumer Prices was 4.2%, down from 4.9% in September, the National Statistics Office said today.

The data shows that the highest annual inflation rates in October was once again measured in the Food and non-alcoholic beverages (8.1%) and Education (5.6%).

On the other hand, the lowest annual inflation rates were registered in Communication (-9.1%) and Clothing and footwear (-0.4%). This was mainly reflecting lower prices of mobile phone services and garments, respectively

The largest upward impact on annual inflation in October was registered in the Food and non-alcoholic beverages Index (+1.40 percentage points), largely due to higher prices of bakery products.

The second and third largest impacts were measured in the Restaurants and hotels Index (+1.02 percentage points) and the Housing, water, electricity, gas and other fuels Index (+0.53 percentage points), mainly on account of higher prices of restaurant services and rents, respectively.

The 12-month moving average rate for September stood at 6.1%.

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