Inflation as measured by the Retail Price Index down to 1.44% in April

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Inflation as measured by the Retail Price Index down to 1.44% in AprilIn data from the National Statistics Office today, the annual rate of inflation in April as measured by the Retail Price Index (RPI) dropped to 1.44 per cent, from 1.52 per cent registered in March 2017.

The NSO noted that on a monthly basis, a rate of 0.47 per cent was registered in April 2017. The twelve-month moving average rate increased to 1.02 per cent, from 0.94 per cent in the previous month.

The Food Index registered the largest upward impact on annual inflation at (0.96 percentage points). The NSO said that this is mainly reflecting higher prices of vegetables, while the largest downward impact was registered in the Transport and Communication Index (-0.07 percentage points) attributed to lower prices for air transport services.

An overall annual inflation rate of 4.51 per cent was registered in the Food Index, of which Food excluding restaurant services and take-aways registered an annual rate of 3.36 per cent, while Restaurant services and take-aways registered an annual rate of 2.19 per cent.

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