In February, the annual rate of inflation as measured by the Harmonised Index of Consumer Prices stood at 1.6 per cent, the National Statistcs Office said today, this figure is up from the 0.65% reported for January

In the month under review, the annual rate of inflation stood at 1.6 per cent, down from a year earlier when the the annual rate was 1.8 per cent.

The main upward impacts were brought about by the Restaurants and Hotels Index (0.5 percentage points), the Alcoholic Beverages and Tobacco Index (0.4 percentage points) and the Furniture, Household Equipment and Routine Maintenance of the House Index (0.2 percentage points) mainly due to price rises of accommodation services, cigarettes and furniture items respectively.

The twelve-month moving average rate was 0.8 per cent, down from 1.23% in January.

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