Back
Register for SMS Alerts
or enter your details manually below...
First Name:
Last Name:
Email:
Password:
Hometown:
Birthday:
Sorry, we couldn't find that email.
Existing users
Email
Password
Sorry, we couldn't find those details.
Enter Email
Sorry, we couldn't find that email.

Inflation halves from September to October

The annual rate of inflation in October 2016 fell from 0.78% in September to 0.41% in October

jeanelle_mifsud
Jeanelle Mifsud
23 November 2016, 11:27am
The annual rate of inflation in October 2016 as measured by the Retail Price Index went down to 0.41%
The annual rate of inflation in October 2016 as measured by the Retail Price Index went down to 0.41%
The annual rate of inflation in October 2016 as measured by the Retail Price Index went down to 0.41%, from 0.78% registered in September 2016, National Statistics office figures show.

On a monthly basis, a rate of 0.10% was registered in October 2016, down from 0.27% registered in September 2016.

The main upward impacts on annual inflation were recorded in the Food Index (0.61 percentage points), the Beverages and Tobacco Index (0.21 percentage points) and the Household Equipment and House Maintenance Costs (0.10 percentage points). This was mainly due to higher prices of fruits, cigarettes and home furnishings respectively.

The Transport and Communication Index (0.48 percentage points), the Clothing and Footwear Index (0.32 percentage points) and the Recreation and Culture Index (0.09 percentage points) were the main downward impacts on annual inflation. This was mainly due to a reduction in the prices of fuel, garments and audio-visual equipment respectively.

The 12-month moving average rate declined from a rate of 0.74% registered in September 2016 to 0.66% in October 2016.

DealToday
Latest Business News
Business News 11:38
From Rome to Malta, via Panama and Dubai: the Vatican bank claims its financial advisors and their Maltese firms used its millions to make a...
Business News 18:27
Banif Bank has rebranded into BNF Bank as it rolled out its new brand identity and divulged plans to expand into asset management and invest...
Business Comment 20-10
Correcting markets, Goldman’s contingency plans & Spain toughening up on Catalonia
Law Report 20-10
A plea claiming that an action is time barred, may be cancelled if one pleads that the claim itself is overstated
Business Comment 19-10
Earnings driving markets, Snapchat presenting next Winter Olympics and good times for IBM