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The Index of Retail Prices for September 2018 stood at 184.0 points. This represents an overall decrease of 0.2 per cent from the 184.3 points recorded in August 2018.

Three indices increased throughout the month in comparison to the reported figures for August.  These include Food and Non-Alcoholic Beverages by 0.2 per cent; Transport by 0.2 per cent and Restaurants and Hotels by 1.1 per cent.

On the other hand, several decreases were reported within the indices for Alcoholic Beverages, Tobacco and Narcotics by 0.6 per cent; Clothing and Footwear by 0.4 per cent; Housing, Water, Electricity, Gas and other Fuels by 1.4 per cent; Furnishings, Household Equipment and Routine Household Maintenance by 0.9 per cent; Recreation and Culture by 0.3 per cent and Miscellaneous Goods and Services by 0.4 per cent. However, indices for Health, Communication and Education recorded no change.

Between September 2017 and September 2018, the Index of Retail Prices increased by 1.5 per cent from 181.3 to 184.0 points. The average inflation rate for the 12-month duration stood at 5.2 per cent.

Economic Affairs Division

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