Data released by the National Statistics Office today show that the annual rate of inflation in September as measured by the Harmonised Index of Consumer Prices went down to 2.4% from 2.7% in August.

The NSO noted that the highest annual inflation rates in September were recorded in education (5.2%) and miscellaneous goods and services (3.7%).

The lowest annual inflation rates were registered in communication (-3.4%) and clothing and footwear (-0.7%).

The largest upward contribution to the overall annual inflation was measured in the restaurants and hotels index (+0.66 percentage points) largely due to higher prices of restaurant services.

The NSO said that the largest downward contribution was recorded in the communication index (-0.12 percentage points) mainly reflecting the lower prices of mobile phone equipment.

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

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