Latest National Statistics Office data shows that the annual rate of inflation in June as measured by the Retail Price Index fell to 2.5% from 2.6% in May.

Today’s data revealed that the largest contribution to the overall annual inflation was measured in the housing index (+0.51 percentage points), largely due to the higher prices of tiles.

The highest annual inflation rates in June were registered in housing (6.5%) and furnishings and household equipment (4.8%).

The lowest annual inflation rates were registered in clothing and footwear (-2.8%) 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 (-0.19 percentage points), mainly reflecting lower prices of garments, the NSO said.

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

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