September’s Retail Price Index rose slightly, mainly due to higher clothes prices
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In September, the Retail Price Index went up to 108.26 from 108.08 in August, or 0.17 per cent, the National Statistics Office said today.
This primarily reflected an increase of 4.99 per cent in the Clothing and Footwear Index, mainly due to seasonally higher prices of garments. An upward movement in the prices of some newspapers brought about a rise of 0.75 per cent in the Recreation and Culture Index. Higher prices of vegetables underlay an increase of 0.57 per cent in the Food Index.
A rise of 0.45 per cent was registered in the Other Goods and Services Index, mainly on account of higher prices of jewellery. The Household Equipment and House Maintenance Cost Index went up by 0.42 per cent due to costlier furniture and household appliances. Higher prices for hygienic articles caused the Personal Care and Health Index to go up by 0.18 per cent. The Beverages and Tobacco Index edged up by 0.12 per cent, mainly on account of higher-priced beverages.
These price rises were partially offset by a decrease of 1.68 per cent in the Transport and Communication Index as a result of lower-priced airfares.
In September the twelve-month moving average rate of inflation stood at 2.01 per cent, whereas the annual rate stood at 0.74 per cent.