In July, the annual rate of inflation as measured by the Retail Price Index remained at a constant rate of 2.4%.

Data from the National Statistics Office today revealed that the largest contribution to the overall annual inflation was measured in the food index (+0.82 percentage points), mainly due to the higher prices of take-aways.

The highest annual inflation rates in July were registered in beverages and tobacco (3.8%) and food (3.8%).

The lowest annual inflation rates were registered in water, electricity, gas and fuels (0.0%) and furnishings and household equipment (0.4%).

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

The 12-month moving average rate for July stood at 1.8%.

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