In April 2020, the annual rate of inflation as measured by the Retail Price Index (RPI) was 0.83%, down from 1.11% in March 2020, according to the data published by the National Statistics Office, NSO.
The statistics show that the highest annual inflation rates in April this year were registered in the following groups:
- Food (2.75%)
- Housing (2.04%)
On the other hand, the lowest annual inflation rates were registered in:
- Recreation and Culture (-2.18%)
- Household equipment and House Maintenance Costs (-1.50%)
In the data published by the NSO it was stated that the COVID-19 situation presented challenges to the established data collection processes and therefore to preserve continuity and in the case of the RPI, to ensure that developments in prices continue to be measured systematically and reliably, the NSO adapted its methodology, consistent to the one adopted in the Harmonised Index of Consumer Prices (HICP) compilation.
NSO said that this was developed in full collaboration with Eurostat and the Member States’ National Statistical Institutes.
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