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Apr
16th
2008

Harmonised Index of Consumer Prices increases by 1.1%

Author: Gozo News | Filed under Local News |  0 comments  

National Statistics OfficeIn March the Harmonised Index of Consumer Prices increased to 104.83 from 103.66 in February 2008, an increase of 1.1 per cent. This primarily reflected an increase of 6.1 per cent in the Clothing and Footwear Index, due to price increases in garments.

The Restaurants and Hotels Index registered an increase of 3.3 per cent, brought about by seasonal price increases in accommodation services. The Food and Non-Alcoholic Beverages Index went up by 0.9 per cent, mainly on account of price increases in fish, vegetables, bread and cereals. An increase of 0.6 per cent was recorded in the Recreation and Culture Index due to price increases in package tours. A rise in the price of visual aid apparatus was the main factor underlying an upward movement of 0.3 per cent in the Health Index. Likewise, price rises in wine and beer brought about an increase of 0.1 per cent in the Alcoholic Beverages and Tobacco Index.

Lower air fares caused the Transport Index to decrease by 0.2 per cent. The Miscellaneous Goods and Services Index dropped by 0.1 per cent, mainly on account of lower prices of personal care products.

In March, the twelve-month moving average rate of inflation stood at 1.5 per cent, whereas the annual rate stood at 4.3 per cent.

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