Malta”s annual rate of inflation increased to 1% in May 2016
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In May, the annual rate of inflation as measured by the Harmonised Index of Consumer Prices went up to 1.0 per cent, from the 0.8 per cent registered in April 2016.
On a monthly basis, the rate of 1.0 per cent was registered in May 2016, and shows a decrease from the 2.6 per cent registered in April 2016.
The largest upward impacts on annual inflation were registered in the Restaurants and Hotels Index (+0.47 percentage points), the Food and Non-alcoholic Beverages Index (+0.36 percentage points) and the Furniture, Household Equipment and Routine Maintenance of the house Index (+0.24 percentage points). These were mainly due to higher prices of restaurant services (including cafeterias and the like), vegetables and cigarettes respectively.
The Recreation and Culture Index (-0.29 percentage points), the Transport Index (-0.24 percentage points) and Clothing and Footwear Index (-0.06 percentage points) registered the largest downward impacts on annual infl ation, mainly refl ecting lower prices for package holidays, fuel and garments respectively.
The twelve-month moving average rate stands at 1.2 per cent.