In October 2016, the annual rate of inflation as measured by the Retail Price Index went down to 0.41 per cent, from 0.78 per cent registered in September 2016, the National Statistics Office said today.

On a monthly basis, a rate of 0.10 per cent was registered in October 2016, down from 0.27 per cent registered in September 2016.

The main upward impacts on annual inflation were recorded in the Food Index (0.61 percentage points), the Beverages and Tobacco Index (0.21 percentage points) and the Household Equipment and House Maintenance Costs (0.10 percentage points). This was mainly due to higher prices of fruits, cigarettes and home furnishings respectively.

The Transport and Communication Index (0.48 percentage points), the Clothing and Footwear Index (0.32 percentage points) and the Recreation and Culture Index (0.09 percentage points) were the main downward impacts on annual inflation. This was mainly due to a reduction in the prices of fuel, garments and audio-visual equipment respectively.

The twelve-month moving average rate declined from a rate of 0.74 per cent registered in September 2016 to 0.66 per cent in October 2016.

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