In March, the annual rate of inflation based on the Retail Price Index stood at 1.11 per cent. A year earlier the annual rate was 1.97 per cent, the National Statistics Office said today.

The largest upward impacts on annual inflation were recorded in the Beverages and Tobacco Index (0.38 percentage points), the Recreation and Culture Index (0.21 percentage points) and the Food Index (0.18 percentage points). This was mainly due to costlier cigarettes, tuition fees and served meals respectively.

A downward impact was recorded in the Transport and Communications Index (-0.06 percentage points) mainly due to lower fuel prices.

The twelve-month moving average rate was 1.10 per cent.

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