In November, the annual rate of inflation as measured by the Harmonised Index of Consumer Prices was 3.9%, down from 4.2% in October, the National Statistics Office said today.

The data shows that the highest annual inflation rates in November were, as in previous months, recorded in Food and non-alcoholic beverages (8.2%) and Education (5.6%).

On the other hand, the lowest annual inflation rates were registered in Communication (-9.3%) and Clothing and footwear (1.0%).

The largest upward impact on annual inflation was measured in the Food and non-alcoholic beverages Index (+1.45 percentage points). The NSO noted that this was largely due to higher prices of bakery products.

The second and third largest impacts were measured in the Restaurants and hotels Index (+0.86 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 largest downward impact was recorded in the Communication Index (-0.37 percentage points), mainly reflecting lower prices of mobile phone services.

The 12-month moving average rate for November stood at 5.9 per cent.

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