According to latest data from the National Statistics Office, the annual rate of inflation in February as measured by the Harmonised Index of Consumer Prices rose to 2.0% from 1.8% in January.

The NSO noted that the largest annual inflation rates in February were recorded in education (4.8%) and miscellaneous goods and services (3.6%).

The lowest annual inflation rates were registered in communication (-4.2%) and furnishings, household equipment and routine household maintenance (-0.2%).

The largest upward contribution to the overall annual inflation was measured in the food and non-alcoholic beverages index (+0.47 percentage points) largely due to higher prices of confectionery products.

The NSO said that the largest downward contribution was recorded in the communication index (-0.16 percentage points) mainly reflecting the lower prices of mobile phone services.

The 12-month moving average rate for February stood at 2.2%.

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