In June the Retail Price Index went down to 108.51 from 108.61 in the previous month.

In June the Retail Price Index went down by 0.09 per cent. This primarily reflected a decrease of 0.67 per cent in the Water, Electricity, Gas and Fuels Index, mainly due to lower gas prices. Lower airfares and fuel prices brought about a decrease of 0.57 per cent in the Transport and Communication Index.

The figures from the National Statistics Office released today also show that the Food Index declined by 0.11 per cent, mainly on account of a reduction in fruit prices. The Other Goods and Services Index edged down by 0.07 per cent, mostly due to cheaper jewellery.

Seasonally higher prices of garments brought about an increase of 0.93 per cent in the Clothing and Footwear Index. Higher furniture prices caused the Household Equipment and House Maintenance Cost Index to go up by 0.29 per cent. The Beverages and Tobacco Index went up by 0.25 per cent, primarily as a result of higher prices of beverages.

In June, the twelve-month moving average rate of inflation stood at 2.26 per cent, whereas the annual rate stood at 1.58 per cent.

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