RPI: Inflation at 0.87 per cent in January – NSO

In January 2018, the annual rate of inflation as measured by the Retail Price Index (RPI) was registered at 0.87 per cent, down from 1.21 per cent in December 2017, the NSO said.

The twelve-month moving average rate for January increased to 1.40 per cent, from 1.37 per cent in the previous month.

The largest upward impact on annual inflation was recorded in the Transport and Communication Index (0.43 percentage points), mainly reflecting higher prices of motor vehicles. The largest downward impact was recorded in the Clothing and Footwear Index (-0.49 percentage points), attributed to lower prices of garments (Chart 3).

The Food Index registered an overall annual inflation rate of 1.55 per cent, of which Food excluding restaurant services and take-aways registered an annual rate of 0.81 per cent, while Restaurant services and take-aways registered an annual rate of 3.58 per cent.

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