
According to newly released statistics by the National Statistics Office, the annual rate of inflation as measured by the RPI was 6.95% in March 2023.
This is down from 7.11% in February 2023. The 12 month moving average rate for March stood at 6.85%.
The highest annual inflation rates in March 2023 were registered in Housing (14.58 per cent) and Food (11.78 per cent).
On the other hand, the lowest annual inflation rates were registered in Water, electricity, gas and fuels (0.00 per cent), and Transport and communication (1.92 per cent) (Table 1).
The NSO pointed to the higher prices of take-aways as the main reason behind the largest upward impact being registered in the Food Index.
In March, the Housing Index registered the highest annual inflation rate at 14.58%, of which Rent registered an annual rate of 10.36%, Materials for house maintenance registered an annual rate of 13.25% and Services for house maintenance registered an annual rate of 17.39%.
The Water, electricity, gas and fuels Index registered the lowest annual inflation rate of 0.00%, since the prices of all subcomponents remained unchanged.
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