Annual rate of inflation at 1 per cent

In December, the annual rate of inflation as measured by the harmonised index of consumer prices stood at 1.0 per cent.

15 January 2014, 12:00am
by Staff Reporter

1 min read

In the month under review, the annual rate of inflation stood at 1.0 per cent.

A year earlier the annual rate was 2.8 per cent.

The largest upward impacts on annual inflation were recorded in the Alcoholic Beverages and Tobacco Index (0.4 percentage points), the Food and Non-alcoholic Beverages Index (0.3 percentage points), and the Recreation and Culture Index (0.2 percentage points).

These were mainly due to price rises in cigarettes, some vegetables and package holidays respectively.

The biggest downward impact was brought about by the Transport Index (-0.3 percentage points), mainly due to price reductions of motor vehicles.

In December 2013, the twelve-month moving average rate was 1.0 per cent.