Official figures have confirmed that the circulating feeling of daily needs prices shooting up December was in fact correct.
The Retail Price Index (RPI) for December, published by the National Statistics Office, shows how food prices increased by 5.24% when compared to just a year earlier. Restaurant food prices and take-aways also increased by around 4.14% last month.
The NSO said that food and restaurant prices contributed the largest upward impact on annual inflation in December. The food category represents 21.5% of the basket of goods making up the index.
When compared to a year earlier, the overall yearly rate of inflation last December stood at 2.59%, which is also up from 2.38% in November. Pet food, sports related equipment, carpets and household textiles and maintenance services also registered sharp increases.
The energy sector seems to be the island’s only sector where stable prices meant there was no inflation. NSO figures show that water and electricity bills, and the prices for gas and fuels remained unchanged throughout the year.
The transportation sector seemingly benefitted from this, with inflation there registered at a modest increase of 2.58%. In the communications sector, the annual rate of inflation decreased by 2.75%.
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