In November 2008, the Retail Price Index went down by 0.31 per cent over the previous month, from 119.34 to 118.97. This primarily reflected a drop of 1.86 per cent in the Transport and Communications Index, mainly due to a decrease in air fares.

The Food Index registered a drop of 0.85 per cent, mainly on account of vegetables. Other decreases were registered in the Housing Index and the Household Equipment and House Maintenance Cost Index.

Seasonal price increases of garments caused the Clothing and Footwear Index to increase by 2.73 per cent. A rise in the price of tobacco underlay an increase of 1.75 per cent in the Beverages and Tobacco Index.

The Other Goods and Services Index went up by 0.23 per cent mainly due to increases in the price of pet food and nondurable household goods.

A rise of 0.08 was recorded in The Recreation and Culture Index due to higher prices of books and newspapers. Upward shifts in the prices of hairdressing and grooming services caused an increase of 0.06 per cent in the Personal Care and Health Index

In November the twelve-month moving average rate of inflation stood at 4.12 per cent, whereas the annual rate stood at 4.82 per cent.