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January’s inflation rate as measured by the RPI down to 2.5%

InflationIn January, the annual rate of inflation as measured by the Retail Price Index was 2.5%, down from 2.7% in December.

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 January were registered in other goods and services (4.5%) and food (3.6%).

The lowest annual inflation rates were registered in clothing and footwear (-2.3%) and Water, electricity, gas and fuels (0.0%).

A downward contribution to the overall annual inflation was registered in the clothing and footwear index (-0.15 percentage points), mainly reflecting lower prices of garments, the NSO said.

The 12-month moving average rate for January stood at 2.5%.

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