Retail Price Index puts inflation at 1% in December

In December, the annual rate of inflation as measured by the Retail Price Index stood at 1.04 per cent.

In December, the annual rate stood at 1.04 per cent. A year earlier the annual rate was 0.15 per cent.

The main upward impacts on annual inflation were recorded in the Food Index (0.56 percentage points), the Beverages and Tobacco Index (0.27 percentage points) and the Recreation and Culture Index (0.27 percentage points). This was mainly due to higher prices of vegetables, cigarettes and entertainment and cultural visits respectively.

The largest downward impact was recorded in the Transport and Communication Index (0.60 percentage points), mainly due to lower fuel prices. A less pronounced downward impact was brought about by the Water, Electricity, Gas and Fuels Index (0.07 percentage points), mainly due to a reduction in the price of gas.

The twelve-month moving average rate was 1.10 per cent.