9.4% increase in prices of food, non-alcoholic beverages in last 12 months

Thursday, July 21, 2016 - 20:00

Food and non-alcoholic drinks have seen the biggest price increases over the last 12 months, according to figures released by the Central Statistical Office.

The survey measured prices between June 2015 and June 2016. 

The prices of food and non-alcoholic beverages rose by 9.4%.

Communication saw the next highest price increase, rising 8.3%

Prices at hotels, cafes and restaurants went up 4.8%, the cost of health increased 4.2% and transport increased 4.1%.

Other increases include;

Clothing and Footwear - 3.7%

Miscellaneous Goods and Services - 2.1%

Furnishings, household equipment & routine maintenance of the house - 1.9%

Recreation and Culture - 1.7%

Rent - 1.6%

Alcoholic beverages and tobacco -1.4%

Water, electricity, gas & other fuels - 0.7%

There was a zero-percent change in the cost of education.

There have been some decreases,with home ownership decreasing by 0.7% and housing, water, electricity, gas & other fuels collectively decreasing 0.4%.

The CSO figures show that the percentage change in the All Items Index for the period January to June 2016 over the period January to June 2015 was 3.3%. 

This reflects a decrease when compared with the rate of inflation of 6% observed in the All Items Index for the period January to June 2015 over the period January to June 2014.

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