In January, the annual rate of inflation as measured by the Retail Price Index stood at 0.72 per cent.

The National Statistics Office said that in the month under review, the annual rate stood at 0.72 per cent, A year earlier the annual rate was 0.65 per cent.

The main upward impacts were recorded in the Food Index (0.76 percentage points), the Beverages and Tobacco Index (0.17 percentage points) and the Transport and Communication Index (0.15 percentage points). This was mainly due to higher prices for vegetables, cigarettes and air transport services respectively.

The largest downward impacts on annual inflation were brought about by the Water, Electricity, Gas and Fuels Index (-0.64 percentage points) and the Household Equipment and House Maintenance Costs Index (-0.06 percentage points). This was mainly due to lower electricity rates and discounted prices of carpets.

The twelve-month moving average rate was 0.32 per cent

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