Annual inflation rate on HICP down slightly in April to 1.1% – NSO

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Annual inflation rate went down slightly in April to 1.1% - NSOThe National Statistics Office said today that the annual rate of inflation in April as measured by the Harmonised Index of Consumer Prices, went down to 1.1 per cent, from 1.2 per cent in March.

The rate of inflation on a monthly basis rose to 2.6 per cent, from 0.9 per cent in the previous month.

The Food and Non-alcoholic Beverages Index (0.48 percentage points) registered the largest upward impact on annual inflation, followed by the Furniture, Household Equipment and Routine Maintenance of the House Index (0.27 percentage points) and the Restaurants and Hotels Index (0.19 percentage points).

The NSO said that these were mainly due to higher prices of vegetables, home furniture and restaurant services (including cafeterias and the like) respectively.

The largest downward impacts on annual inflation were the Communication Index (0.09 percentage points), the Recreation and Culture Index (0.06 percentage points) and the Clothing and Footwear Index (0.05 percentage points). The NSO said mainly reflecting lower prices for mobile phones, package holidays and garments respectively.

April’s twelve-month moving average rate stood at a rate of 1.0 per cent, similarly to the three preceding months, the NSO said.

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