In­fla­tion up in March, an­nual rate un­changed

Malta Independent - - NEWS -

In March, the an­nual rate of in­fla­tion as mea­sured by the Har­monised In­dex of Con­sumer Prices re­mained un­changed from Fe­bru­ary 2017 at a rate of 1.2%.

Har­monised In­dex of Con­sumer Prices (HICP): March 2017

On a monthly ba­sis, the rate of in­fla­tion rose to 0.9%, from 0.4% reg­is­tered in Fe­bru­ary.

The largest up­ward im­pacts on an­nual in­fla­tion were reg­is­tered in the Food and Non-al­co­holic Bev­er­ages In­dex (0.62 per­cent­age points), the Fur­ni­ture, House­hold Equip­ment and Rou­tine Main­te­nance of the House In­dex (0.28 per­cent­age points) and the Restau­rants and Ho­tels In­dex (0.22 per­cent­age points).

Th­ese were mainly due to higher prices of veg­eta­bles, home fur­ni­ture and ac­com­mo­da­tion ser­vices re­spec­tively.

The Re­cre­ation and Cul­ture In­dex (0.11 per­cent­age points), the Com­mu­ni­ca­tion In­dex (0.11 per­cent­age points) and the Cloth­ing and Footwear In­dex (0.07 per­cent­age points) reg­is­tered the largest down­ward im­pacts on an­nual in­fla­tion, mainly re­flect­ing lower prices for pack­age hol­i­days, mo­bile phones and gar­ments re­spec­tively.

The twelve-month mov­ing av­er­age rate for March stood at a rate of 1.0%, sim­i­larly to the two pre­ced­ing months.

In the mean­time, ac­cord­ing to Euro­stat fig­ures pub­lished yes­ter­day, Euro area an­nual in­fla­tion was 1.5% in March 2017, down from 2.0% in Fe­bru­ary. In March 2016 the rate was 0.0%. European Union an­nual in­fla­tion was 1.6% in March 2017, down from 2.0% in Fe­bru­ary. A year ear­lier the rate was 0.0%.

The low­est an­nual rates were reg­is­tered in Ro­ma­nia (0.4%), Ire­land and the Nether­lands (both 0.6%). The high­est an­nual rates were recorded in Latvia (3.3%), Lithua­nia (3.2%) and Es­to­nia (3.0%). Com­pared with Fe­bru­ary 2017, an­nual in­fla­tion fell in seven­teen Mem­ber States, re­mained stable in six and rose in five.

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