According to new statistics, the highest inflation rates in February 2023 were registered in the housing and food sectors at 14.27% and 12.19% respectively.
Prices for private households have been found to have increased by 7.11% over February of last year. This represents a rising trend. This is up from the 6.94% registered in January 2023.
Meanwhile, the 12 month moving average rate for February stood at 6.64%. on the other hand, the lowest annual inflation rates were registered in Water, electricity, gas and fuels at 0%.
Transport and communication followed closely at just 1.96%. Food was also at the top in terms of the impact on the annual inflation rate. An impact is a measure showing the change in inflation as a result of the inclusion of an index.
Food ranked at the top largely due to higher prices of take-aways. The second and third largest impacts were measured in the Housing Index (+1.13 percentage points) and the Other goods and services Index (+0.65 percentage points), mainly on account of higher prices of house maintenance services and cleaning products, respectively.
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