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Malta sees reduction in annual rate of inflation

Xinhua, November 24, 2016 Adjust font size:

Malta's Statistics Office on Wednesday stated in the annual rate of inflation, as measured by the retail price index, went down to 0.41 percent in October 2016, compared to 0.78 percent registered in September 2016.

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

The main upward impacts on annual inflation were recorded in the food index with 0.61 percentage points, the beverages and tobacco Index with 0.21 percentage points and the household equipment and house maintenance costs with 0.10 percentage points.

Higher prices of fruits, cigarettes and home furnishings led to these upward impacts.

The main downward impacts on annual inflation were the transport and communication index with 0.48 percentage points, the clothing and footwear index with 0.32 percentage points and the recreation and culture index with 0.09 percentage points. This was attributed to a reduction in the prices of fuel, garments and audio-visual equipment.

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