National Statistics Office data released today show that the annual rate of inflation in August as measured by the Harmonised Index of Consumer Prices went up to 2.7% from 2.5% in July.

The NSO noted that the highest annual inflation rates in August were recorded in education (5.2%) and food and non-alcoholic beverages (4.0%).

The lowest annual inflation rates were registered in communication (-3.1%) and housing, water, electricity, gas and other fuels(0.7%).

The largest upward contribution to the overall annual inflation was measured in the restaurants and hotels index (+0.69 percentage points) largely due to higher prices of restaurant services.

The NSO said that the largest downward contribution was recorded in the communication index (-0.11 percentage points) mainly reflecting the lower prices of mobile phone equipment.

The 12-month moving average rate for August stood at 2.3%.

Photo: NSO

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