Prices down in August – NSO

In August, the Harmonised Index of Consumer Prices went down by 0.1 % over the previous month. This primarily refl ected a decrease of 7.6 % in the Clothing Index, mainly due to seasonally lower prices of garments. A downward movement in the price of mobile phones resulted in a decrease of 0.3 % in the Communication Index. The Recreation and Culture Index went down by 0.2 %, mainly on account of seasonal price reductions in respect of certain sports equipment. The Furniture, Household Equipment and Routine Maintenance of the House Index edged down by 0.1 %, mainly on account of seasonally lower household textile prices. A similar movement was recorded in the Miscellaneous Goods and Services Index as a result of lower fees for certain financial services.

The Restaurants and Hotels Index advanced by 1.2 % on account of seasonally higher-priced accommodation services. An upward shift in the price of vegetables brought about an increase of 0.4 % in the Food and Non-alcoholic Beverages Index. The Health Index rose by 0.2 %, mainly due to costlier medical and paramedical services. A similar increase was registered in the Transport Index, caused mainly by higher airfares. The Alcoholic Beverages and Tobacco Index edged up by 0.1 % as a result of an upward movement in the price of wine.

 

Inflation rate

In August, the twelve-month moving average rate of infl ation stood at 1.8 % and the annual rate stood at 0.7 %.

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