Retail Price Index down 0.16% in July 2013
In July, 2013, the Retail Price Index went down by 0.16% to 108.34 from 108.51 in June.
This primarily reflected a decrease of 5.63% in the Clothing and Footwear Index resulting from seasonally lower prices of garments. The Food Index declined by 0.38% due to lower vegetable prices. A downward movement in the price of jewellery underlay a decrease of 0.19% in the Other Goods and Services Index.
Higher airfares caused the Transport and Communication Index to go up by 1.06%. The Beverages and Tobacco Index increased by 0.35% on account of higher wine prices. An upward movement in the price of books brought about a rise of 0.16% in the Recreation and Culture Index.
An increase of 0.08% was registered in the Household Equipment and House Maintenance Cost Index, mainly due to costlier household appliances. The Personal Care and Health Index edged up by 0.05%, mainly due to higher prices for hairdressing services. A similar increase was registered in the Housing Index, mainly as a result of price rises in respect of materials used for the maintenance and repair of dwellings.
In July the twelve-month moving average rate of inflation stood at 2.25%, whereas the annual rate stood at 2.08%.