National Statistics Office data today show that the annual rate of inflation in October as measured by the Harmonised Index of Consumer Prices went up to 2.5% from 2.4% in September.

The NSO noted that the highest annual inflation rates in October were recorded in education (4.3%) and miscellaneous goods and services (3.8%).

The lowest annual inflation rates were registered in communication (-4.0%) and clothing and footwear (-2.9%).

The largest upward contribution to the overall annual inflation was measured in the restaurants and hotels index (+0.68 percentage points) largely due to higher prices of restaurant services.

The NSO said that the largest downward contribution was recorded in the communication index (-0.14 percentage points) mainly reflecting the lower prices of mobile phone equipment.

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

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