The latest National Statistics Office data shows that the annual rate of inflation in July as measured by the Retail Price Index rose to 2.7% from 2.5% in June.

The data revealed that the largest contribution to the overall annual inflation was measured in the food index (+0.59 percentage points), largely due to the higher prices of take-aways.

The highest annual inflation rates in July were registered in housing (6.8%) and furnishings and household equipment (5.8%).

The lowest annual inflation rates were registered in clothing and footwear (-3.5%) 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 (-0.23 percentage points), mainly reflecting lower prices of garments, the NSO said.

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

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