The annual rate of inflation registered by the Harmonised Index of Consumer Prices, remained unchanged in May, at 1.1 per cent, the National Statistics Office said today.

Measuring price changes between May 2017 and April 2017 Indices, the monthly inflation rate decreased to 1.0 per cent, from 2.6 per cent. The twelve-month moving average rate for May stood at a rate of 1.0 per cent.

The NSO noted that the Food and Non-alcoholic Beverages Index (0.31 percentage points), the Furniture, Household Equipment and Routine Maintenance of the House Index (0.25 percentage points) and the Restaurants and Hotels Index (0.20 percentage points), all registered the largest upward impacts on annual inflation.

These were mainly due to higher prices of non-alcoholic beverages, home furniture and restaurant services (including cafeterias and the like) respectively.

The NSO said that the Clothing and Footwear Index (0.10 percentage points), the Communication Index (0.09 percentage points) and the Miscellaneous Goods and Services Index (0.01 percentage points) registered the largest downward impacts on annual inflation, mainly reflecting lower prices for garments, mobile phones and jewellery articles respectively.

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