In August 2008, the Retail Price Index went down by 0.09 per cent, from 115.98 to 115.88, over the previous month. This primarily reflected a decrease of 6.64 per cent in the Clothing and Footwear Index, mainly due to seasonal price decreases in items of clothing.

The Household Equipment and House Maintenance Cost Index went down by 0.18 per cent, mainly due to lower prices of household appliances.

The Beverages and Tobacco Index registered an increase of 1.18 per cent, which was brought about by higher prices of served beverages.

The Food Index increased by 0.76 per cent, mainly on account of rises in the prices of fish, served meals and take-aways.

Costlier air transport services underlay an upward shift of 0.31 per cent in the Transport and Communication Index.

The Other Goods and Services Index also registered an increase of 0.20 per cent, mainly reflecting higher prices of jewellery items, timepieces and travel articles.

In August the twelve-month moving average rate of inflation stood at 3.54 per cent, whereas the annual rate stood at 4.42 per cent.

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