The annual rate of inflation as measured by the Harmonised Index of Consumer Prices last month stood at 0.7 per cent.

The National Statistics Office said the annual rate a year earlier was 0.5 per cent.

The largest upward impacts on annual inflation were brought about by the restaurants and hotels index (0.6 percentage points), the clothing and footwear index (0.3 percentage points) and the alcoholic beverages and tobacco index (0.2 percentage points).

This was mainly due to costlier restaurant services, garments and cigarettes, respectively.

The main downward impact was recorded in the housing, water, electricity, gas and
other fuels index (-0.7 percentage points), mainly due to lower electricity rates.

The 12-month moving average rate was 0.8 per cent.

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