The annual rate of inflation as measured by the Harmonised Index of Consumer Prices last month stood at 0.5 per cent, according to the National Statistics Office.

In March, the annual rate of inflation stood at 0.5 per cent, down from 1.4 per cent a year earlier.

The largest upward impacts on annual inflation were brought about by the food and nonalcoholic beverages Index (0.4 percentage points), the restaurants and hotels index (0.3 percentage points) and the clothing and footwear index (0.2 percentage points).

This was mainly due to higher prices of vegetables, restaurant services and garments.

The main downward impacts were recorded in the housing, water, electricity, gas and other fuels index (0.7 percentage points) and the transport index (0.2 percentage points).

This was mainly due to lower electricity rates and cheaper fuels respectively.

The 12-month moving average rate was 0.6 per cent.

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