April’s inflation as measured by the RPI rose to 2.8%

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InflationToday’s National Statistics Office data shows that the annual rate of inflation in April as measured by the Retail Price Index went up to 2.8% from 2.7% in March.

Data from the National Statistics Office released today revealed that the largest contribution to the overall annual inflation was measured in the food index (+0.85 percentage points), largely due to the higher prices of Vegetables

The highest annual inflation rates in April were registered in housing (5.8%) and furnishings and household equipment (4.7%).

The lowest annual inflation rates were registered in clothing and footwear (-4.3%) and water, electricity, gas and fuels (0.0%).

The only downward contribution to the overall annual inflation was registered in the clothing and footwear index (-0.29 percentage points), mainly reflecting lower prices of garments, the NSO said.

The 12-month moving average rate for April stood at 2.6%.

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