An­nual rate of in­fla­tion up 0.82 per cent in July

Malta Independent - - NEWS -

In Au­gust 2016, the an­nual rate of in­fla­tion as mea­sured by the Re­tail Price In­dex went up to 0.82 per cent, from 0.69 per cent reg­is­tered in July 2016, the NSO said yes­ter­day.

The monthly in­fla­tion rate reg­is­tered in Au­gust 2016 was 0.18 per cent, up from -0.34 per cent reg­is­tered in July 2016.

The main up­ward im­pacts on an­nual in­fla­tion were recorded in the Food In­dex (0.67 per­cent­age points), the Bev­er­ages and To­bacco In­dex (0.25 per­cent­age points) and the House­hold Equip­ment and House Main­te­nance Cost In­dex (0.13 per­cent­age points). This was mainly due to higher prices of fruit, cig­a­rettes and fur­ni­ture re­spec­tively.

The Trans­port and Com­mu­ni­ca­tion In­dex (0.48 per­cent­age points), the Cloth­ing and Footwear In­dex (0.25 per­cent­age points) and the Wa­ter, Elec­tric­ity, Gas and Fu­els In­dex (0.01 per­cent­age points) were the main down­ward im­pacts on an­nual in­fla­tion. This was mainly due to a re­duc­tion in the prices of fuel, gar­ments and gas re­spec­tively.

The twelve-month mov­ing av­er­age rate was 0.79 per cent.

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