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December’s inflation as measured by the RPI went up to 2.7%

InflationIn December, the annual rate of inflation as measured by the Retail Price Index was 2.7%, up from 2.6% in November.

Latest National Statistics Office data released today revealed that the largest contribution to the overall annual inflation was measured in the food index (+0.77 percentage points), mainly once again due to the higher prices of take-aways.

The highest annual inflation rates in December were registered in other goods and services (5.3%) and furnishings and household equipment (4.1%).

The lowest annual inflation rates were registered in clothing and footwear (-1.5%) and Water, electricity, gas and fuels (0.0%).

A downward contribution to the overall annual inflation was registered in the clothing and footwear index (-0.10 percentage points), mainly reflecting lower prices of garments, the NSO said.

The 12-month moving average rate for December stood at 2.4%.

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