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Slight fall of inflation at 3.7%

  • 8 Aug 2012
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Slight fall of inflation at 3.7% Inflation has decreased these twelve months. The headline inflation rate excluding ´Alcoholic beverages and tobacco´ for the twelve months ending June 2012 works out to 3.7% compared to 4.6% for the twelve months ending June 2011.

The Consumer Price Index, which stood at 132.3 in March 2012, registered a net increase of 0.5 point (or 0.4%) to reach 132.8 in June 2012.

The main reasons for the net increase in the CPI from March to June 2012 were higher prices of food, mainly vegetables, bread, fish, rice and a variety of other food products and partly offset by lower interest rates on housing loan.

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