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Inflation as measured by the RPI down to 1.6% in April

Inflation as measured by the RPI down to 1.6% in AprilLatest data from the National Statistics Office show that in April, the annual rate of inflation as measured by the RPI was 1.6%, down from 1.9% in March.

The NSO noted that the largest contribution to the overall annual inflation was measured in the Food Index (+0.96 percentage points), which was once again due to higher prices of take-aways.

The largest downward contribution was recorded in the Transport and Communication Index (-0.75 percentage points) mainly reflecting lower prices of mobile phone services.

The 12-month moving average rate for April stood at 3.6%.

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