Annual rate of inflation remains unchanged on HICP – NSO

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Annual rate of inflation remains unchanged on HICP - NSOThe National Statistics Office has said today that the annual rate of inflation as measured by the Harmonised Index of Consumer Prices remained unchanged from February at a rate of 1.2 per cent.

It added that the rate of inflation, on a monthly basis, rose to 0.9 per cent, from 0.4 per cent registered in February.

According to the NSO, the largest upward impacts on annual inflation were registered in the Food and Non-alcoholic Beverages Index (0.62 percentage points), the Furniture, Household Equipment and Routine Maintenance of the House Index (0.28 percentage points) and the Restaurants and Hotels Index (0.22 percentage points).

These were mainly due to higher prices of vegetables, home furniture and accommodation services respectively, it said.

The largest downward impacts on annual inflation were registered in the Recreation and Culture Index (0.11 percentage points), the Communication Index (0.11 percentage points) and the Clothing and Footwear Index (0.07 percentage points), mainly reflecting lower prices for package holidays, mobile phones and garments respectively.

The NSO said that the twelve-month moving average rate for March stood at a rate of 1.0 per cent, similarly to the two preceding months.

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