In November, the Harmonised Index of Consumer Prices went down by 1.5 per cent over the previous month. This primarily reflected a decrease of 10.5 per cent in the Restaurants and Hotels Index due to seasonally cheaper accommodation services.

The Recreation and Culture Index dropped by 1.9 per cent, mainly on account of lower-priced package holidays.

A downward shift in air fares caused the Transport Index to go down by 0.3 per cent.

The Furniture, Household Equipment and Routine Maintenance of the House Index went down by 0.1 per cent, mainly due to a move downwards in prices of non-durable household goods.

The Clothing and Footwear Index increased by 3.0 per cent, mainly on account of seasonally higher prices of garments.

An upward movement in the price of telephone equipment and services caused the Communication Index to go up by 2.7 per cent.

The Alcoholic Beverages and Tobacco Index went up by 2.2 per cent on account of a rise in the price of cigarettes.

Higher prices of fruit and vegetables constituted the main factor behind a 0.7 per cent increase in the Food and Non- alcoholic Beverages Index.

The Miscellaneous Goods and Services Index was up by 0.4 per cent as a consequence of increased prices of jewellery.

Higher fees for dental services moved the Health Index up by 0.1 per cent.

Inflation rate – In November, the twelve-month moving average rate of inflation stood at 1.7 per cent, whereas the annual rate of inflation stood at 3.4 per cent.

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