April inflation slightly lower than in March

Largest upward impact registered in food index

The annual rate of inflation as measured by the Harmonised Index of Consumer Prices in April was 6.4%, down from 7.1% a month earlier, the National Statistics Office said.

It said the 12-month moving average rate for April stood at 6.9%.

The largest upward impact on annual inflation was measured in the food and non-alcoholic beverages index (+1.99 percentage points).

This was largely due to higher prices of milk, cheese and eggs.

The second and third largest impacts were measured in the restaurants and hotels Index (+1.15 percentage points) and the housing, water, electricity, gas and other fuels Index (+0.75 percentage points), mainly on account of higher prices of restaurant services and house maintenance services, respectively.

On the other hand, no downward impacts on annual inflation were registered for April.

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