Friday, August 23, 2019 | 07:48 PM
 
 
   
 


Inflation decreases to 2.5 percent in April

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In April, headline inflation decreased from 3.3 percent in March 2019 to 2.5 percent.  The decrease in inflation during April 2019 reflects the fall in the rate of annual change in prices for most categories of goods and services, led by ‘transport’ (9.9 to 7.6 percent) and ‘housing, water, electricity, gas and other fuels (3.2 to 1.7 percent). Other categories contributing to the lower inflation are: ‘Miscellaneous Goods and Services’ (5.7 to 4.9 percent); Clothing and Footwear (1.3 to 1.1 percent); Restaurants and Hotels (2.8 to 2.5 percent; Education (3.2 to 3.1 percent) and Recreation and Culture (1.0 to 0.1 percent). The increase in the deflation (-9.3 to -9.4 percent) in ‘Communication ‘also contributed to the lower overall annual inflation in April than in March. However, the downward pressure on inflation was partly offset by inflation increasing with respect to: food and non-alcoholic beverages (from 0.1 to 0.4 percent) and alcoholic beverages and tobacco (from 0.6 to 2.1 percent). Inflation remained unchanged for: furnishing, household equipment and routine maintenance (1.6 percent) and health (1.1 percent).

The trimmed mean measure of core inflation decreased from 3.5 to 2.6 percent, while inflation excluding administered prices increased from 1.6 to 1.7 percent.

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