The annual rate of inflation in December as measured by the Harmonised Index of Consumer Prices was 1.8%, down from 2.1% in November, the National Statistics Office said today.

The NSO noted that the largest annual inflation rates in December were recorded in education (4.8%) and miscellaneous goods and services (3.9%).

The lowest annual inflation rates were registered in communication (-4.8%) and furnishings, household equipment and routine household maintenance (-0.9%).

The largest upward contribution to the overall annual inflation was measured in the transport index (+0.46 percentage points) due to higher prices of air transport services.

The NSO said that the largest downward contribution was recorded in the communication index (-0.19 percentage points) mainly reflecting the lower prices of mobile phone services.

The 12-month moving average rate for November stood at 2.4%.

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