Annual rate of inflation as measured by the RPI down to 0.51%
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In January, the annual rate of inflation as measured by the Retail Price Index went down to 0.51 per cent, from 1.04 per cent in December 2015. A year earlier the annual rate was 0.72 per cent, the National Statistics Office said today.
The main upward impacts on annual inflation were recorded in the Recreation and Culture Index (0.30 percentage points), the Beverages and Tobacco (0.25 percentage points) and the Clothing and Footwear Index (0.15 percentage points). This was mainly due to higher prices of entertainment and cultural visits, cigarettes and men's outerwear respectively.
The largest downward impacts were brought about by the Transport and Communication Index (0.68 percentage points) and the Water, Electricity, Gas and Fuels Index (0.07 percentage points). This was mainly due to a reduction in the prices of fuel and gas.
The twelve-month moving average rate was 1.08 per cent.