Data released by the National Statistics Office today show that in October, the annual rate of inflation as measured by the RPI was 1.6%, up from 1.2% in September.

The highest annual inflation rates in October were registered in Other goods and services (4.0%) and Personal care and health (3.2%).

On the other hand, the lowest annual inflation rates were registered in Furnishings and household equipment (-0.9%) and Transport and communication (-0.3%)

The NSO noted that the largest contribution to the overall annual inflation was measured in the Food Index (+0.65 percentage points), which, as in previous months, was largely due to the higher prices of Vegetables.

The largest downward contribution was recorded in the Furnishings and household equipment index (-0.06 percentage points).

The 12-month moving average rate for October stood at 2.0%.

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