Data issued by the National Statistics Office today show that in May, the annual rate of inflation as measured by the RPI remained at a constant rate of 2.4%.

The NSO noted that the largest contribution to the overall annual inflation was measured in the food index (+0.83 percentage points), mainly due to higher prices of fruit.

The highest annual inflation rates in May were registered in other goods and services (4.2%) and food (3.9%).

The lowest annual inflation rates were registered in water, electricity, gas and fuels (0.0%) and furnishings and household equipment (0.6%).

No downward contributions to the overall annual inflation were registered in the month of May, the NSO said.

The 12-month moving average rate for May remained at 1.6%.

File photo: Gozo News/Alain Salvary

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