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Economy • 23 April 2006


Inflation does not budge from high perk

The inflation rate during the month of March remained stubbornly high at 2.92 per cent at the same level as the previous month, statistics released by the National Statistics Office show.
The Retail Prices Index for March went up by 1.25 per cent to 109.05 from 107.70 in February.
The Food Items Index increased by 1.63 per cent to 106.90 from 105.19 in February as a result of average price increases in respect of frozen meat, fresh fish, unprocessed potatoes, vegetables, take aways and served meals and food. Average drops were recorded in respect of fresh fruits.
Higher prices for served alcoholic and served non-alcoholic beverages pushed up the beverages and tobacco index by 0.63 per cent to 116.43 from 115.70 in the previous month.
The Clothing and Footwear Index rose by 11.98 per cent to 90.47 from 80.79 in February. Higher prices were recorded for men's, boys', women's and girls' outwear, women's underwear, babies' garments and men's and women's footwear
The Housing Index went up to 114.82 from 114.66, an increase of 0.14 per cent over February. Price increases were recorded for electrical equipment and miscellaneous articles.
At 162.63, the Water, Electricity, Gas and Fuels Index went up by 11.54 per cent from 145.80 in the other month.
The Household Equipment and House Maintenance Cost Index registered an increase of 0.33 per cent. Higher prices were recorded for household textiles and household textile articles.
The Transport and Communications Index decreased by 1.23 per cent to 109.94 from 111.31 in February. Lower prices in respect of fuels and air transport services were registered.
The Recreation and Culture Index increased to 100.45 from 100.33, a rise of 0.12 per cent over the previous month. Higher average prices were recorded for sports equipment.
The Other Goods and Services Index declined by 0.10 per cent to 117.05 from 117.17 in February. Price drops for jewellery, watches and clocks, and insurance were registered.





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